Alex Bores’ Bills
A7770 · 2023–2024

Allows the department of financial services to impose penalties on unlawfully unlicensed entities

In committee Banks Committee
Consumer protection

Gives the Department of Financial Services additional oversight authority, and the power to impose penalties, over banks and insurance companies that operate in New York without being licensed here. (Auto-generated summary)

Official record

Official summary · NYS Open LegislationAllows the department of financial services to have additional oversight of banks and insurance companies that are not currently licensed in this state; provides penalties for violations.

What it does: AN ACT to amend the financial services law, in relation to allowing the department of financial services to have additional oversight of banks and insurance companies that are not currently licensed

Legislative history

  1. 2023-06-09Assembly: REFERRED TO BANKS
  2. 2024-01-03Assembly: REFERRED TO BANKS
  3. 2024-05-30Assembly: AMEND (T) AND RECOMMIT TO BANKS
  4. 2024-05-30Assembly: PRINT NUMBER 7770A
  5. 2024-06-07Assembly: AMEND BY RESTORING TO ORIGINAL PRINT 7770