NY A00163

Renames "mobile units" to "limited stations" throughout the banking law and updates the definition of "person" to explicitly include corporations, partnerships, associations, and limited liability companies

Expands check cashing limits by increasing the maximum check amount from $15,000 to $20,000 and allowing licensees to cash checks dated up to 5 business days after presentment (up from 1 day) for government checks and checks under $1,000

Adds new exceptions to the $20,000 cap for checks from workers' compensation funds, pension/profit-sharing funds, union benefit funds, and checks drawn by unions

Allows electronic advertisements to satisfy disclosure requirements by linking to the licensee's website displaying required disclosures, while maintaining in-store disclosure rules

Requires the Superintendent of Financial Services to review the licensing system within 90 days and report within 180 days on costs, processing times, and recommendations to improve efficiency; amendments to section 373 expire June 30, 2030