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S06650 Summary:

BILL NOS06650
 
SAME ASSAME AS A10905
 
SPONSORSERINO
 
COSPNSR
 
MLTSPNSR
 
Add 679, Bank L
 
Directs the superintendent to develop a public information campaign regarding establishment of joint deposit and convenience accounts.
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S06650 Actions:

BILL NOS06650
 
06/09/2017REFERRED TO RULES
06/12/2017ORDERED TO THIRD READING CAL.1577
06/13/2017PASSED SENATE
06/13/2017DELIVERED TO ASSEMBLY
06/13/2017referred to banks
01/03/2018died in assembly
01/03/2018returned to senate
01/03/2018REFERRED TO BANKS
05/09/20181ST REPORT CAL.1138
05/14/20182ND REPORT CAL.
05/15/2018ADVANCED TO THIRD READING
06/04/2018PASSED SENATE
06/04/2018DELIVERED TO ASSEMBLY
06/04/2018referred to banks
06/18/2018substituted for a10905
06/18/2018ordered to third reading rules cal.198
06/18/2018passed assembly
06/18/2018returned to senate
12/12/2018DELIVERED TO GOVERNOR
12/21/2018SIGNED CHAP.432
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S06650 Memo:

Memo not available
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S06650 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6650
 
                               2017-2018 Regular Sessions
 
                    IN SENATE
 
                                      June 9, 2017
                                       ___________
 
        Introduced  by  Sen.  SERINO -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules
 
        AN ACT to amend the banking law, in  relation  to  public  awareness  of
          joint deposit and convenience accounts
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. The banking law is amended by adding a new section  679  to
     2  read as follows:
     3    §  679.  Public  awareness; banking services. The superintendent shall
     4  conduct a public awareness campaign to educate  consumers  on  different
     5  banking  services  available  in  the state, particularly those that can
     6  assist vulnerable adults  in  financial  planning,  including,  but  not
     7  limited  to,  citizens of an advanced age, individuals with cognitive or
     8  developmental disabilities, or those who have health or physical  issues
     9  that  impair their financial independence. The public awareness campaign
    10  shall include information regarding the  differences  between  types  of
    11  accounts,  including  joint  and  convenience  accounts,  as well as the
    12  rights and responsibilities generally recognized for  each.  The  public
    13  awareness campaign shall also include, but not be limited to, answers to
    14  general concerns and questions that individuals may have with respect to
    15  the  establishment of certain types of accounts and services, as well as
    16  information and recommendations for obtaining more information.
    17    § 2. This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10825-05-7
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