Bill Text: NY S08339 | 2017-2018 | General Assembly | Introduced

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Bill Title: Extends certain provisions of law relating to limiting the check cashing exemption for national banks and other regulated entities from August 1, 2018 to August 1, 2023.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Passed) 2018-07-31 - SIGNED CHAP.182 [S08339 Detail]

Download: New_York-2017-S08339-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          8339
                    IN SENATE
                                       May 2, 2018
                                       ___________
        Introduced  by Sen. PHILLIPS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Banks
        AN ACT to amend chapter 591 of the laws of 2001 amending the banking law
          relating to limiting the check cashing exemption  for  national  banks
          and other regulated entities, in relation to the effectiveness of such
          chapter
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 2 of chapter 591 of the laws of 2001  amending  the
     2  banking  law  relating  to  limiting  the  check  cashing  exemption for
     3  national banks and other regulated entities, as amended by chapter 33 of
     4  the laws of 2013, is amended to read as follows:
     5    § 2. This act shall take effect immediately and shall  expire  and  be
     6  deemed repealed August 1, [2018] 2023.
     7    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15661-01-8