Bill Text: NY S00167 | 2009-2010 | General Assembly | Introduced

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Bill Title: Requires all banks, trust companies, savings and loan associations and other financial institutions that provide electronic banking services to replace moisture-activated adhesive deposit envelopes with self-adhesive deposit envelopes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-06 - REFERRED TO BANKS [S00167 Detail]

Download: New_York-2009-S00167-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          167
                              2009-2010 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 7, 2009
                                      ___________
       Introduced  by  Sen.  KRUGER -- read twice and ordered printed, and when
         printed to be committed to the Committee on Banks
       AN ACT to amend the banking law, in relation to providing  self-adhesive
         envelopes for deposits at electronic facilities
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 105-a of the banking law, as amended by chapter 613
    2  of the laws of 1995, is amended to read as follows:
    3    S 105-a. Electronic facilities. 1. A bank or trust company may conduct
    4  a banking business, at automated teller machines,  point-of-sale  termi-
    5  nals, and similar facilities subject to regulations which may be promul-
    6  gated  by  the  banking board. Such facilities shall not be deemed to be
    7  branches and shall not be subject to any of the provisions of this chap-
    8  ter applicable to branches; provided however  that  notwithstanding  the
    9  foregoing,  for  purposes of clause (ii) OF PARAGRAPH (A) of subdivision
   10  one of section one hundred five of this [chapter] ARTICLE, such  facili-
   11  ties  shall  be  deemed  to  be  branches,  and such facilities shall be
   12  subject to the terms and conditions of SUCH section  one  hundred  five,
   13  and for purposes of section twenty-eight-b of this chapter, such facili-
   14  ties shall be deemed to be branches.
   15    2.  ALL  ELECTRONIC  FACILITIES  SHALL  BE EQUIPPED WITH SELF-ADHESIVE
   16  DEPOSIT ENVELOPES.
   17    S 2. Section 240-a of the banking law, as amended by  chapter  613  of
   18  the laws of 1995, is amended to read as follows:
   19    S 240-a.  Electronic facilities. 1. A savings bank may conduct a bank-
   20  ing business, at automated teller machines, point-of-sale terminals, and
   21  similar facilities subject to regulations which may  be  promulgated  by
   22  the  banking  board.  Such facilities shall not be deemed to be branches
   23  and shall not be subject to any of the provisions of this chapter appli-
   24  cable to branches; provided however that notwithstanding the  foregoing,
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02049-01-9
       S. 167                              2
    1  for  purposes of paragraph (b) of subdivision two of section two hundred
    2  forty of this [chapter] ARTICLE, such facilities shall be deemed  to  be
    3  branches,  and  such facilities shall be subject to the terms and condi-
    4  tions  of  SUCH  section  two hundred forty, and for purposes of section
    5  twenty-eight-b of this chapter, such facilities shall be  deemed  to  be
    6  branches.
    7    2.  ALL  ELECTRONIC  FACILITIES  SHALL  BE EQUIPPED WITH SELF-ADHESIVE
    8  DEPOSIT ENVELOPES.
    9    S 3. Section 396-a of the banking law, as amended by  chapter  613  of
   10  the laws of 1995, is amended to read as follows:
   11    S 396-a.  Electronic facilities. 1. A savings and loan association may
   12  conduct a banking business, at automated teller machines,  point-of-sale
   13  terminals,  and  similar  facilities subject to regulations which may be
   14  promulgated by the banking board. Such facilities shall not be deemed to
   15  be branches and shall not be subject to any of the  provisions  of  this
   16  chapter  applicable  to  branches; provided however that notwithstanding
   17  the foregoing, for purposes of  paragraph  (b)  of  subdivision  two  of
   18  section three hundred ninety-six of this [chapter] ARTICLE, such facili-
   19  ties  shall  be  deemed  to  be  branches,  and such facilities shall be
   20  subject to the terms and conditions of SUCH section three hundred  nine-
   21  ty-six, and for purposes of section twenty-eight-b of this chapter, such
   22  facilities shall be deemed to be branches.
   23    2.  ALL  ELECTRONIC  FACILITIES  SHALL  BE EQUIPPED WITH SELF-ADHESIVE
   24  DEPOSIT ENVELOPES.
   25    S 4. This act shall take effect on the first of January next  succeed-
   26  ing  the date on which it shall have become a law, except that any rules
   27  and regulations necessary for the timely implementation of this  act  on
   28  its effective date shall be promulgated on or before such date.