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NY A01391

Bill

Official Source

Status

Introduced

1/15/2019

Primary Sponsor

Pamela Hunter

Click for details

Origin

Assembly

2019-2020 General Assembly

AI Summary

  • Prohibits banking organizations from imposing service charges or fees for cashing checks or drafts drawn on accounts at that organization, from any person to whom the check is payable, regardless of customer status
  • Does not require banking organizations to cash checks when the account lacks sufficient funds to cover the check
  • Does not prohibit banking organizations from charging their own account holders service charges for check cashing
  • Permits banking organizations to request valid identification (driver's license, non-driver's identification card, or U.S. passport) from persons seeking to cash checks
  • Takes effect immediately upon enactment

Legislative Description

Prohibits banking organizations from imposing check cashing fees.

Last Action

referred to banks

1/8/2020

Committee Referrals

Banks1/15/2019

Full Bill Text

No bill text available