Loading chat...
NY S06648
Bill
Status
Passed
12/21/2024
Primary Sponsor
James Sanders
Click for details
AI Summary
- Amends Section 28-b of the New York Banking Law to add a new factor for evaluating banking institutions' performance records
- Requires consideration of a banking institution's participation in the banking development district program when establishing a branch in such a district
- References Section 96-d of the Banking Law regarding banking development district branch establishment requirements
- Takes effect immediately upon enactment
Legislative Description
Includes participation in a banking development district as a factor when assessing a banking institution's record of performance in relation to the Community Reinvestment Act of 1977.
Last Action
APPROVAL MEMO.86
12/21/2024
Committee Referrals
Banks4/2/2024
Banks1/3/2024
Banks6/1/2023
Banks5/3/2023
Full Bill Text
No bill text available