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NY A06649

Bill

Official Source

Status

Introduced

3/30/2015

Primary Sponsor

Nick Perry

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Amends Banking Law Section 14-f to require banks to post conspicuous notices about basic banking account availability near customer exits and entrances
  • Notices must include information on minimum balances, initial deposits, maximum fees, and limitations on withdrawal transactions
  • Banks must provide comparable descriptive materials about basic banking accounts in the same public areas where they display information about other consumer transaction accounts
  • Takes effect 30 days after becoming law

Legislative Description

Requires banks to post information about basic banking services near their exits and entrances, including information concerning minimum balances, initial deposits, maximum fees chargeable, and withdrawal limitations.

Last Action

referred to banks

1/6/2016

Committee Referrals

Banks3/30/2015

Full Bill Text

No bill text available