Loading chat...
NY A01206
Bill
Status
1/9/2013
Primary Sponsor
Kenneth Zebrowski
Click for details
AI Summary
-
Banking institutions must cash checks of $500 or less drawn on their own accounts if sufficient funds exist in the account.
-
Payees may be required to present a valid government-issued photo identification card as a condition for cashing the check.
-
Banking institutions that refuse to cash a check after the payee presents valid identification and a signature or mark are guilty of a violation, unless criminal activity is involved.
-
The act takes effect 90 days after becoming law.
Legislative Description
Provides that a banking institution must cash checks drawn on said institution, if payee presents a form of valid identification; provides a refusal to cash such check after identification, makes such institution guilty of a violation.
Last Action
referred to banks
1/8/2014