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NY A08015
Bill
Status
5/25/2017
Primary Sponsor
David Weprin
Click for details
AI Summary
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Amends New York banking law to prohibit financial institutions from charging fees for periodic paper statements when those statements are required for public assistance applications.
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Applies to all banks, trust companies, savings banks, savings and loan associations, credit unions, mortgage brokers, mortgage bankers, and other investment entities operating in New York, regardless of headquarters location.
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Defines public assistance according to subdivision nineteen of section two of the social services law.
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Takes effect on the ninetieth day after becoming law.
Legislative Description
Relates to prohibiting financial institutions from charging a fee for periodic paper statements when such statements are required for an application for public assistance.
Last Action
referred to banks
1/3/2018