Bill Text: NY A07617 | 2017-2018 | General Assembly | Introduced

New York Assembly Bill 7617 (Prior Session Legislation)

Introduced

Bill Title: Increases the number of authorized withdrawal transactions at no charge from basic banking accounts for account holders sixty-five years of age or older from eight to twelve.

Spectrum: Partisan Bill (Democrat 14-0)

Status: (Introduced - Dead) 2018-03-15 - advanced to third reading cal.715 [A07617 Detail]

Download: New_York-2017-A07617-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          7617
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                       May 5, 2017
                                       ___________
        Introduced  by M. of A. ZEBROWSKI, GLICK, ORTIZ, ABINANTI -- Multi-Spon-
          sored by -- M.  of A. CYMBROWITZ, DINOWITZ, GOTTFRIED, MAGEE, PERRY --
          read once and referred to the Committee on Banks
        AN ACT to amend the banking law, in relation to the number of withdrawal
          transactions from a basic banking account
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph (c) of subdivision 2 of section 14-f of the bank-
     2  ing  law, as added by chapter 1 of the laws of 1994 and such subdivision
     3  as further amended by section 104 of part A of chapter 62 of the laws of
     4  2011, is amended to read as follows:
     5    (c) eight withdrawal transactions for account holders under sixty-five
     6  years of age, and twelve withdrawal  transactions  for  account  holders
     7  sixty-five years of age or older, including those conducted at electron-
     8  ic  facilities, during any periodic cycle at no additional charge to the
     9  account holder; and
    10    § 2. This act shall take effect on the sixtieth  day  after  it  shall
    11  have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00711-01-7