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NY A03178

Bill

Official Source

Status

Introduced

1/22/2015

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Amends Section 371 of the Banking Law to authorize the superintendent of banks to require licensed cashers of checks to file suspicious activity reports
  • Expands the superintendent's existing authority to make rules, regulations, and rulings for the proper conduct and enforcement of check-cashing licensing requirements
  • Specifies that suspicious activity reporting requirements shall be included in the superintendent's regulatory authority, but not limited to this requirement
  • Takes effect immediately upon enactment

Legislative Description

Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.

Last Action

referred to banks

1/6/2016

Committee Referrals

Banks1/22/2015

Full Bill Text

No bill text available