New York A 7502: Prohibits banks from holding for deposit state issued check

Bill Text

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A07502 Summary:

BILL NOA07502 

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SAME ASNo Same As

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SPONSORPretlow

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COSPNSR

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MLTSPNSR

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Add §9-e, Bank L

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Prohibits banks from holding for deposit the funds from checks issued by the state.

Go to top A07502 Actions:

BILL NOA07502 

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03/28/2025referred to banks

01/07/2026referred to banks

Go to topA07502 Committee&nbspVotes:

Go to topA07502 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA07502 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7502

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 28, 2025
 ___________

 Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
 tee on Banks

 AN ACT to amend the banking law, in relation to the deposit of state
 issued checks

 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 9-e to
 2 read as follows:
 3 § 9-e. Deposit of state issued checks. No banking institution, as
 4 defined in section nine-f of this article, shall hold for deposit the
 5 funds from a check issued by the state.
 6 § 2. This act shall take effect on the thirtieth day after it shall
 7 have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10711-01-5

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