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NY A01799
Bill
Status
5/28/2025
Primary Sponsor
Alicia Hyndman
Click for details
AI Summary
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Prohibits financial institutions regulated under New York banking law—including banks, mortgage brokers, mortgage bankers, and interstate branches—from charging fees for periodic paper statements when customers need them for public assistance applications
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Applies to any account holder who requires paper statements as documentation for public assistance programs as defined in the Social Services Law
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Includes a severability clause ensuring that if any portion of the law is invalidated, the remaining provisions continue in effect
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Takes effect 180 days after becoming law
Legislative Description
Prohibits certain financial institutions from charging a fee for periodic paper statements when such statements are required for an application for public assistance.
Last Action
REFERRED TO BANKS
1/21/2026