Loading chat...

NY A01972

Bill

Official Source

Status

Introduced

1/18/2019

Primary Sponsor

Kenneth Zebrowski

Click for details

Origin

Assembly

2019-2020 General Assembly

AI Summary

  • Banking institutions must cash checks of $500 or less drawn on accounts within that institution if sufficient funds are available
  • Institutions may require valid government-issued photo identification as a condition for cashing checks
  • If a person presents valid identification and a signature or mark, institutions cannot refuse to cash the check absent criminal activity
  • Refusal to cash a check under these conditions constitutes a violation of the banking law
  • The act takes effect 90 days after becoming law

Legislative Description

Provides that a banking institution must cash checks drawn on said institution, if payee presents a form of valid identification; provides a refusal to cash such check after identification, makes such institution guilty of a violation.

Last Action

enacting clause stricken

1/15/2020

Committee Referrals

Banks1/18/2019

Full Bill Text

No bill text available