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NY A09851

Bill

Official Source

Status

Introduced

5/27/2014

Primary Sponsor

Gabriela Rosa

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Replaces pronoun references to the superintendent of financial services from "it" to "he or she" throughout multiple sections of the banking law
  • Removes requirement for three-fifths vote of superintendent members when granting permission for executive officers to serve at multiple institutions and when exempting mortgages from lending restrictions
  • Removes redundant or conflicting language regarding superintendent rule-making authority in sections covering mortgage loans, regulations, and subsidiary/affiliate operations
  • Applies technical corrections to sections 6-i, 7, 9-f, 14-c, 100-c, 103, 108, 111, 130, 234-b, 380-h, 455, 595, and 600 of the banking law
  • Takes effect immediately upon enactment

Legislative Description

Makes technical corrections to the banking law.

Last Action

substituted by s4350a

6/16/2014

Committee Referrals

Rules6/9/2014
Banks5/27/2014

Full Bill Text

No bill text available