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NY S06650
Bill
Status
12/21/2018
Primary Sponsor
Susan Serino
Click for details
AI Summary
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Amends New York banking law to require the superintendent to conduct a public awareness campaign educating consumers on banking services available in the state
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Campaign must focus particularly on vulnerable adults including seniors, individuals with cognitive or developmental disabilities, and those with health or physical issues affecting financial independence
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Campaign shall include information comparing joint accounts and convenience accounts, explaining the rights and responsibilities associated with each type
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Campaign must address general concerns and questions about establishing these account types and provide recommendations for obtaining additional information
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Act takes effect immediately upon enactment
Legislative Description
Directs the superintendent to develop a public information campaign regarding establishment of joint deposit and convenience accounts.
Last Action
SIGNED CHAP.432
12/21/2018