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NY A04357

Bill

Official Source

Status

Introduced

2/4/2019

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2019-2020 General Assembly

AI Summary

  • Amends New York Banking Law to prohibit financial institutions from charging fees for periodic paper statements when required for public assistance applications
  • Applies to all banks, trust companies, savings banks, savings and loan associations, credit unions, mortgage brokers, mortgage bankers, and other investment entities operating in New York
  • Defines public assistance according to subdivision 19 of section 2 of the Social Services Law
  • Takes effect 90 days after becoming law

Legislative Description

Relates to prohibiting financial institutions from charging a fee for periodic paper statements when such statements are required for an application for public assistance.

Last Action

referred to banks

1/8/2020

Committee Referrals

Banks2/4/2019

Full Bill Text

No bill text available