NY A06753

Requires all financial institutions in New York (banks, credit unions, savings and loans, mortgage brokers, etc.) to provide written notice of overdraft fees to account holders every 180 days

Notification must include dates and amounts of each overdraft fee, total amount charged, and information about the customer's ability to negotiate fees

Must provide a telephone number and full contact information for a representative who can resolve fee-related matters

Electronic notification satisfies the written notice requirement if selected by the account holder

Takes effect on January 1 following enactment