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NY A07502
Bill
Status
Introduced
3/28/2025
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
- Prohibits banking institutions from placing holds on deposits from checks issued by New York State
- Requires banks to make funds from state-issued checks immediately available to depositors
- Applies to all banking institutions as defined in section 9-f of the banking law
- Takes effect 30 days after becoming law
Legislative Description
Prohibits banks from holding for deposit the funds from checks issued by the state.
Last Action
referred to banks
1/7/2026
Committee Referrals
Banks3/28/2025
Full Bill Text
No bill text available