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NY A01686

Bill

Official Source

Status

Introduced

1/12/2017

Primary Sponsor

Kenneth Zebrowski

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Banking institutions must cash checks of $500 or less drawn on accounts within that institution if sufficient funds are available in the account
  • Institutions may require presentation of a valid government-issued photo identification card as a condition for cashing the check
  • Institutions that refuse to cash a check after the payee presents valid identification and a signature or mark are guilty of a violation, absent criminal activity
  • The act takes effect on the ninetieth day after it becomes law

Legislative Description

Provides that a banking institution must cash checks drawn on said institution, if payee presents a form of valid identification; provides a refusal to cash such check after identification, makes such institution guilty of a violation.

Last Action

referred to banks

1/3/2018

Committee Referrals

Banks1/12/2017

Full Bill Text

No bill text available