New York S 4603: Relates to establishing distinctive "Women Veterans" license plates and the women veterans support fund

Bill Text

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S04603 Summary:

BILL NOS04603A

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SAME ASNo Same As

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SPONSORSANDERS

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COSPNSR

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MLTSPNSR

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Add §9-ii, Bank L

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Establishes standards for the closure of bank accounts in the state of New York to include providing notice of closure and the return of funds to account owners.

Go to top S04603 Actions:

BILL NOS04603A

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02/10/2025REFERRED TO BANKS

05/27/20251ST REPORT CAL.1287

05/28/20252ND REPORT CAL.

05/29/2025ADVANCED TO THIRD READING 

06/04/2025AMENDED ON THIRD READING 4603A

06/13/2025COMMITTED TO RULES

01/07/2026REFERRED TO BANKS

Go to topS04603 Committee&nbspVotes:

Go to topS04603 Floor&nbspVotes:

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

Go to topS04603 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4603--A
 Cal. No. 1287

 2025-2026 Regular Sessions

 IN SENATE

 February 10, 2025
 ___________

 Introduced by Sen. SANDERS -- read twice and ordered printed, and when
 printed to be committed to the Committee on Banks -- reported favora-
 bly from said committee, ordered to first and second report, ordered
 to a third reading, amended and ordered reprinted, retaining its place
 in the order of third reading

 AN ACT to amend the banking law, in relation to establishing criteria
 for the closure of banking accounts in the state of New York

 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-ii to
 2 read as follows:
 3 § 9-ii. Closure of accounts. 1. All banking organizations and out-of-
 4 state state banks authorized to operate and maintain branches pursuant
 5 to article five-C of this chapter when closing the account of a customer
 6 shall:
 7 (a) provide sixty days' notice that such account is being closed,
 8 whether for personal or business use, and provide the reason for such
 9 closure, and
 10 (b) return any remaining funds from such account within sixty days
 11 after the closure of such account to the owner.
 12 2. This section shall not apply to the extent that it is preempted by
 13 federal law. Nothing in this section shall be construed to require any
 14 act prohibited, or prohibit any act required, by federal law.
 15 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03161-03-5

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