Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
421
2025-2026 Regular Sessions
I N A S S E M B L Y
(PREFILED)
January 8, 2025
___________
Introduced by M. of A. ANDERSON -- read once and referred to the Commit-
tee on Banks
AN ACT to amend the banking law, in relation to including establishing a
branch in a banking development district as a factor indicating that a
banking institution is helping to meet the credit needs of its entire
community for purposes of assessing such banking institution's
performance; and to repeal certain provisions of such law relating
thereto
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subparagraph 12 of paragraph (a) of subdivision 3 of
section 28-b of the banking law, as amended by chapter 264 of the laws
of 2019, is amended to read as follows:
(12) Other factors that, in the judgment of the superintendent,
reasonably bear upon the extent to which a banking institution is help-
ing to meet the credit needs of its entire community, including, without
limitation, the banking institution's participation in credit counseling
services OR PARTICIPATION IN A BANKING DEVELOPMENT DISTRICT ESTABLISHED
PURSUANT TO SECTION NINETY-SIX-D OF THIS CHAPTER BY ESTABLISHING A
BRANCH IN SUCH DISTRICT.
§ 2. Subparagraph 10-a of paragraph (a) of subdivision 3 of section
28-b of the banking law as added by a chapter of the laws of 2024 amend-
ing the banking law relating to including participation in a banking
development district as a factor when assessing a banking institution's
record of performance, as proposed in legislative bills numbers S. 6648
and A. 6090, is REPEALED.
§ 3. This act shall take effect on the same date and in the same
manner as a chapter of the laws of 2024 amending the banking law relat-
ing to including participation in a banking development district as a
factor when assessing a banking institution's record of performance, as
proposed in legislative bills numbers S. 6648 and A. 6090, takes effect.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02856-01-5Every fact on this page links to its source, starting with the official bill record.