Loading chat...

NY A07617

Bill

Official Source

Status

Introduced

5/5/2017

Primary Sponsor

Kenneth Zebrowski

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Amends section 14-f of the banking law to allow different withdrawal transaction limits based on account holder age
  • Account holders under 65 years old are limited to eight withdrawal transactions per periodic cycle at no additional charge
  • Account holders 65 years or older are allowed twelve withdrawal transactions per periodic cycle at no additional charge
  • Withdrawal transactions include those conducted at electronic facilities
  • Takes effect 60 days after becoming 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

advanced to third reading cal.715

3/15/2018

Committee Referrals

Banks5/5/2017

Full Bill Text

No bill text available