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NY A09733
Bill
Status
4/3/2024
Primary Sponsor
Erik Dilan
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AI Summary
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Requires financial institutions with state contracts to issue release debit cards to provide a clear, understandable, and detailed schedule of fees and charges with each card.
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Fee schedules must include ATM use, balance inquiries, fund transfers, card replacement, account maintenance, and customer service interaction fees presented in plain language.
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Fee schedules must be provided as physical documents and electronic attachments upon card issuance, available on the card provider's website, and translated into the six most common non-English languages spoken by limited-English proficiency individuals in New York State.
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Limits fee schedule changes to no more than once per year and requires 60 days' advance notice to cardholders before changes take effect, with notifications made through both physical and electronic means when feasible.
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Takes effect immediately upon enactment.
Legislative Description
Relates to certain information provided to incarcerated individuals upon their release, relating to the payment of funds required by section one hundred twenty-five of this article in the form of an electronic benefit transfer card.
Last Action
referred to correction
4/3/2024