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NY S04228
Bill
Status
2/3/2025
Primary Sponsor
Leroy Comrie
Click for details
AI Summary
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Prohibits banks, mortgage brokers, mortgage bankers, interstate branches, and other financial institutions regulated by the state from charging fees for periodic paper statements when customers need them for public assistance applications
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Applies to any financial institution subject to the New York Banking Law that provides customer accounts
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Includes a severability clause ensuring that if any part of the law is found invalid, the remaining provisions stay 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
1/7/2026