New York bill A01935 requires merchants to accept cash as payment for goods and services, with exemptions allowed by the superintendent of financial.

New York bill A01935 amends the general business law to mandate that any retail mercantile establishment, including those preparing, selling, or serving food, must accept United States currency as legal tender. This requirement does not apply to transactions where the buyer is not physically present. The superintendent of the department of financial services can issue regulations and exemptions based on criteria such as the nature of the establishment, the goods or services offered, the denomination of currency, or the transaction amount. Violators face fines up to $500.

New York bill A01935 requires merchants to accept cash as payment for goods and services, with exemptions allowed by the superintendent of financial.

New York bill A01935 amends the general business law to mandate that any retail mercantile establishment, including those preparing, selling, or serving food, must accept United States currency as legal tender. This requirement does not apply to transactions where the buyer is not physically present. The superintendent of the department of financial services can issue regulations and exemptions based on criteria such as the nature of the establishment, the goods or services offered, the denomination of currency, or the transaction amount. Violators face fines up to $500.