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Bill > S03692


NY S03692

NY S03692
Requires all banking organizations to have a notary public available during business hours; permits banking organizations to charge a fee for such service.


summary

Introduced
01/29/2025
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the banking law, in relation to requiring all banking organizations to have a notary public available during business hours

AI Summary

This bill amends the New York State banking law to require all banking organizations to have a qualified notary public on staff and available at each of their facilities during regular business hours. The legislation gives banking organizations the discretion to charge a nominal fee for notary services, with the fee not exceeding any amount previously established by law. A notary public is an official authorized to witness signatures, administer oaths, and perform other legal formalities to help prevent fraud. The bill aims to improve accessibility of notary services for bank customers by ensuring that a notary is always available during standard business hours. The law will go into effect 90 days after it is signed, giving banking organizations time to prepare for and implement the new requirement.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

REFERRED TO BANKS (on 01/07/2026)

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