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NY A04534

Bill

Official Source

Status

Engrossed

3/2/2015

Primary Sponsor

Barbara Clark

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Amends Banking Law Section 14-f to modify withdrawal transaction limits for basic banking accounts
  • Account holders under 65 years old permitted 8 withdrawal transactions per periodic cycle at no additional charge
  • Account holders 65 years or older permitted 12 withdrawal transactions per periodic cycle at no additional charge
  • Withdrawal transactions include those conducted at electronic facilities
  • Effective 60 days after enactment into law

Legislative Description

Increases the number of authorized withdrawal transactions at no charge from basic banking accounts for account holders sixty-five years of age or older from eight to twelve.

Last Action

enacting clause stricken

3/2/2016

Committee Referrals

Banks3/2/2016
Banks3/2/2015
Banks2/3/2015

Full Bill Text

No bill text available