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NY A09139

Bill

Official Source

Status

Introduced

1/23/2020

Primary Sponsor

Thomas Abinanti

Click for details

Origin

Assembly

2019-2020 General Assembly

AI Summary

  • Banking institutions must cash checks of $500 or less drawn on their own accounts if sufficient funds are available in the account
  • Payees must present a valid government-issued photo identification card as a condition for the institution to cash the check
  • Institutions that refuse to cash a check after the payee presents valid identification and a signature or mark are guilty of a violation, absent criminal activity
  • 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

referred to banks

1/23/2020

Committee Referrals

Banks1/23/2020

Full Bill Text

No bill text available