Assembly BillIntroduced
A 7502: Prohibits banks from holding for deposit the funds from checks issued by the state.
What A 7502 does, verified January 9, 2026
The bill aims to amend the banking law in New York. It prohibits banking institutions from holding state-issued checks for deposit. This means that banks cannot accept checks issued by the state as a form of deposit. The bill takes effect thirty days after it becomes a law.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to banks (2026-01-07)Alert me
Quick answers about A 7502
- What is the current status of A 7502?
- As of January 9, 2026, A 7502 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to banks".
- Did A 7502 pass?
- Not yet. A 7502 has been introduced and has not passed either house.
- Who wrote A 7502, and where is it now?
- A 7502 was authored by Asm. James Pretlow. Its committee of record is Assembly Banks.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to banks |
| Mar. 28, 2025 | referred to banks |
Latest bill textIntroduced version, March 28, 2025 · 164 words
STATE OF NEW YORK ________________________________________________________________________ 7502 2025-2026 Regular Sessions IN ASSEMBLY March 28, 2025 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Banks AN ACT to amend the banking law, in relation to the deposit of state issued checks 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-e to 2 read as follows: 3 § 9-e. Deposit of state issued checks. No banking institution, as 4 defined in section nine-f of this article, shall hold for deposit the 5 funds from a check issued by the state. 6 § 2. This act shall take effect on the thirtieth day after it shall 7 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10711-01-5
Text of A 7502 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions