Bill Text: NY S05061 | 2017-2018 | General Assembly | Amended

New York Senate Bill 5061 (Prior Session Legislation)

Bill Title: Amends the definition of the term "mail" with respect to allowing electronic delivery of notices of premium finance agencies with insured consent.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-06-20 - COMMITTED TO RULES [S05061 Detail]

Download: New_York-2017-S05061-Amended.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                         5061--B
            Cal. No. 1136
                               2017-2018 Regular Sessions
                    IN SENATE
                                      March 6, 2017
                                       ___________
        Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
          printed to be committed to the Committee on Banks  --  recommitted  to
          the  Committee  on  Banks  in accordance with Senate Rule 6, sec. 8 --
          reported favorably from said committee, ordered to  first  and  second
          report,  ordered  to  a  third reading, amended and ordered reprinted,
          retaining its place in the order of third reading -- again amended and
          ordered reprinted, retaining its place in the order of third reading
        AN ACT to amend the banking law,  in  relation  to  allowing  electronic
          delivery of notices by premium finance agencies with insured consent
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 554 of the banking law is amended by adding  a  new
     2  subdivision 10 to read as follows:
     3    10.  "Mail" means delivery by United States postal service first class
     4  mail, personal delivery, overnight delivery service, electronic mail  or
     5  facsimile transmission; provided, however, that with respect to delivery
     6  by  electronic  mail  or  facsimile, the recipient has: (a) consented to
     7  delivery by either electronic mail or facsimile (as applicable); (b) the
     8  consent meets the requirements set forth in 15 USC  §  7001(c)  and  the
     9  regulations  thereunder,  as  such  act and regulations may from time to
    10  time be amended; and (c) the communication conspicuously  and  concisely
    11  notifies  the recipient regarding the subject of such electronic mail or
    12  facsimile transmission.  For the purposes of this subdivision,  "recipi-
    13  ent"  shall mean any individual or entity statutorily entitled to notice
    14  pursuant to this article.
    15    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02632-06-8