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NY A08281
Bill
Status
6/6/2017
Primary Sponsor
Vivian Cook
Click for details
AI Summary
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Amends Section 405 of the Financial Services Law to extend civil liability immunity to information shared with not-for-profit organizations dedicated to investigating and enforcing banking law or insurance law violations
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Protects persons subject to banking, insurance, and financial services laws from civil liability when furnishing information about suspected violations to law enforcement, state agencies, or other regulated persons, provided there is no fraud or bad faith
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Adds not-for-profit organizations as a new category of recipients eligible for immunity protection regarding information related to banking law and insurance law investigations
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Takes effect immediately upon enactment
Legislative Description
Relates to immunity and information furnished to or from a not-for-profit organization dedicated to the investigation and prosecution of the banking law or the insurance law.
Last Action
reported referred to codes
6/5/2018