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NY S06805

Bill

Official Source

Status

Introduced

5/10/2023

Primary Sponsor

James Sanders

Click for details

Origin

Senate

2023-2024 General Assembly

AI Summary

  • Amends Banking Law Section 371 to authorize the superintendent of banks to require licensed check cashers to file suspicious activity reports
  • Adds suspicious activity reporting to the superintendent's regulatory authority over check cashing businesses
  • Changes gender-specific language in Section 371 from "he" to "or she" to reflect inclusive terminology
  • Takes effect immediately upon enactment

Legislative Description

Directs the superintendent of banks to promulgate rules and regulations requiring licensed cashers of checks to file suspicious activity reports.

Last Action

COMMITTED TO RULES

6/7/2024

Committee Referrals

Rules6/7/2024
Banks5/10/2023

Full Bill Text

No bill text available