NY A02792

Requires lending institutions to include "ONE FORM OF VALID PHOTOGRAPHIC ID NEEDED TO CASH OR DEPOSIT" on the face of each mail-loan check issued to non-customers, though entities may require more than one form of identification.

Prohibits lending institutions from issuing mail-loan checks except in response to a customer request or application.

Mandates that mail-loan checks be non-transferable and include the transaction fee, interest rate, and an expiration date of no more than six months on the check face.

Specifies that failure to destroy or return a mail-loan check does not constitute acceptance of the check.

Establishes a civil penalty of up to five hundred dollars for each violation of these requirements.