Bill Text: NY S07240 | 2017-2018 | General Assembly | Introduced

New York Senate Bill 7240 (Prior Session Legislation)

Introduced

Bill Title: Requires all banks and credit unions to have a notary public available during business hours; permits banks to charge a fee for such service.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-01-05 - REFERRED TO BANKS [S07240 Detail]

Download: New_York-2017-S07240-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          7240
                    IN SENATE
                                     January 5, 2018
                                       ___________
        Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Banks
        AN ACT to amend the banking law, in relation to requiring all banks  and
          credit unions to have a notary public available during business hours
          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  6-n  to
     2  read as follows:
     3    §  6-n.  Notary publics; required. Every banking institution and every
     4  credit union shall have a person qualified as a notary  public  in  this
     5  state  on  staff  and available on the premises of each facility of such
     6  bank or credit union during regular business hours. Such banking  organ-
     7  ization  and credit union shall have the option to charge a nominal fee,
     8  not to exceed any fee  established  in  law,  for  any  notary  services
     9  provided.
    10    §  2.  This  act shall take effect on the ninetieth day after it shall
    11  have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03115-01-7