NY A07393

Renames "mobile unit" to "limited station" throughout banking law and expands the definition of financial services to include check cashing, money transmission, bill payment services, prepaid debit cards, and mass transit fare card dispensing.

Introduces "primary license" and "supplemental license" framework, allowing existing licensees in good standing to expedite applications for additional locations without full re-licensing requirements.

Increases maximum check cashing amount from $15,000 to $20,000 and removes post-dated check restrictions, allowing checks to be cashed regardless of imprinted date if deposited within one business day.

Expands licensee definition to include limited liability companies and other legal entities; requires licensees to pay customers the full face amount minus permitted charges on the same date checks are presented.

Amends distance requirements for limited stations and streamlines application procedures for existing licensees seeking to change locations or acquire additional business locations, with temporary expiration of certain provisions set for June 30, 2024.