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NY A03545

Bill

Official Source

Status

Introduced

1/27/2009

Primary Sponsor

Alec Brook-Krasny

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Requires banking institutions to post conspicuous notices near customer exits and entrances regarding availability of basic banking accounts
  • Notices must include information on minimum balances, initial deposits, maximum fees, and limitations on withdrawal transactions
  • Banking institutions that provide descriptive material about other consumer transaction accounts must also make comparable materials available for basic banking accounts
  • Applies to public areas of bank offices in the same manner as notices for other consumer transaction accounts
  • Takes effect on the thirtieth day after becoming law

Legislative Description

An act to amend the banking law, in relation to requiring banks to post notices of basic banking services available

Last Action

referred to banks

1/6/2010

Committee Referrals

Banks1/27/2009

Full Bill Text

No bill text available