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NY S00696
Bill
Status
6/19/2017
Primary Sponsor
James Seward
Click for details
AI Summary
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Amends Section 405 of the Financial Services Law to extend civil liability immunity to information furnished to or from not-for-profit organizations dedicated to investigating and enforcing banking or insurance laws
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Protects persons subject to financial services, banking, or insurance law from civil liability when providing information about suspected violations to law enforcement, other regulated entities, or state fraud investigation agencies, absent fraud or bad faith
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Maintains existing immunity protections for the superintendent and employees of the financial frauds and consumer protection unit for publications related to their official activities
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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
referred to banks
6/4/2018