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New York State Assembly

Speaker Carl E. Heastie
 
     
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A00969 Summary:

BILL NOA00969
 
SAME ASSAME AS S03692
 
SPONSORPheffer Amato
 
COSPNSRWeprin, Sayegh, Cunningham, Taylor
 
MLTSPNSR
 
Add §6-q, Bank L
 
Requires all banking organizations to have a notary public available during business hours; permits banking organizations to charge a fee for such service.
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A00969 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)




 
BILL NUMBER: A969
 
SPONSOR: Pheffer Amato

 
TITLE OF BILL:
 
An act to amend the banking law, in relation to requiring all banking
organizations to have a notary public available during business hours
 
 
PURPOSE OR GENERAL IDEA OF BILL:
 
The legislation will allow for banks and credit unions to have a notary
of public on premise during business hours.
 
 
SUMMARY OF PROVISIONS:
 
Section 1 of the bill amends the banking law by adding a new section 6-n
which sets forth details for banking organizations to have a person
qualified as a notary of public on premises during normal business
hours.
 
 
JUSTIFICATION:
 
With hundreds of banks and credit unions throughout New York State this
act will require a notary of public on premises during regular business
hours for customers.
 
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
 
None.
 
 
EFFECTIVE DATE:
This act shall take effect on the ninetieth day after it shall have
become a law.
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