Loading chat...
NY A03176
Bill
Status
Introduced
1/22/2015
Primary Sponsor
Crystal Peoples-Stokes
Click for details
AI Summary
- Changes the penalty for unlicensed check cashing from a class A misdemeanor to a class E felony
- Establishes a fine of $2,500 for each transaction made in violation of licensing requirements for check cashing businesses
- Applies to persons, partnerships, associations, corporations, and their members, officers, directors, agents, and employees
- Takes effect 120 days after becoming law
Legislative Description
Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license; makes such violation a class E felony; provides for a fine of $2,500 for each transaction.
Last Action
referred to banks
1/6/2016
Committee Referrals
Banks1/22/2015
Full Bill Text
No bill text available