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NY A09296
Bill
Status
2/14/2012
Primary Sponsor
Annette Robinson
Click for details
AI Summary
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Requires banks, trust companies, and national banks operating branches in banking development districts to offer affordable products and services, including financial education programs tailored to community banking needs.
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Mandates that banks seeking to continue participation in the banking development district program submit renewal applications in a form and manner determined by the Superintendent of Banks.
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Establishes minimum renewal evaluation criteria including: achievement of original application goals, responsiveness of goals to current district banking needs, community support, quality of affordable products and services, financial education participation, profitability, lending activities, and employment levels.
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Takes effect ninety days after enactment.
Legislative Description
Relates to banking development districts; requires renewal of certain branches within banking development districts.
Last Action
advanced to third reading cal.382
3/1/2012