Requires Banks to Share Records for Medicaid
New York · S09205 · Introduced Feb 13, 2026
Why it matters
Medicaid applicants may get decisions faster when banks must send their records promptly. Guardianship cases may be filed less often for debt collection or hospital discharge.
What it does
- Requires banks to provide bank statements for Medicaid or public assistance applications when requested
- Gives banks with an out-of-state or foreign charter 30 days to provide those records
- Bars courts from appointing a social services official as guardian without that official's written consent
- Bars guardianship cases filed only to collect a debt or to discharge a patient from care
- Lets a social services official or agency delegate guardian duties to its employees or agents
Status
Latest action (2026-10-21): PRINT NUMBER 9205A
About this bill
Would require banks to give bank statements to state or local agencies handling a Medicaid application when asked. Banks would have 30 days to respond to a request.
Perspectives
💬 The case for
Elder law and disability groups would likely say faster bank records help people get Medicaid sooner. Social services agencies would likely say they should not be forced to serve as guardians.
💬 The case against
Banks would likely say a 30-day deadline and new records duties add paperwork and cost. Some guardianship advocates may worry that agencies get more say in court cases.
Sponsored by
Sponsor details for this state bill are at the source link.
News
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