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NY A03088

Bill

Official Source

Status

Introduced

1/24/2011

Primary Sponsor

Nick Perry

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Amends Banking Law Section 14-f to require banks to post conspicuous notices about basic banking account availability near customer exits and entrances
  • Banks must include information on minimum balances, initial deposits, maximum fees, and withdrawal transaction limitations in posted notices
  • Banks must provide comparable descriptive materials for basic banking accounts in the same locations and manner as materials describing other consumer transaction accounts
  • Takes effect on the thirtieth day after becoming law

Legislative Description

Requires banks to post information about basic banking services near their exits and entrances, including information concerning minimum balances, initial deposits, maximum fees chargeable, and withdrawal limitations.

Last Action

referred to banks

1/4/2012

Committee Referrals

Banks1/24/2011

Full Bill Text

No bill text available