NY A02382 | 2021-2022 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 17-0)
Status: Introduced on January 19 2021 - 25% progression, died in chamber
Action: 2021-06-02 - substituted by s153
Text: Latest bill text (Introduced) [HTML]

Summary

Enacts the "consumer credit fairness act"; establishes a 3 year statute of limitations for commencement of a cause of action arising out of a consumer credit transaction where the defendant is a purchaser, borrower or debtor; establishes a notice of lawsuit which must be mailed to the defendant in such a cause of action; establishes certain requirements for the complaint in such an action; provides for arbitration of such actions.

Tracking Information

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Title

Enacts the "consumer credit fairness act"; establishes a 3 year statute of limitations for commencement of a cause of action arising out of a consumer credit transaction where the defendant is a purchaser, borrower or debtor; establishes a notice of lawsuit which must be mailed to the defendant in such a cause of action; establishes certain requirements for the complaint in such an action; provides for arbitration of such actions.

Sponsors


Roll Calls

2021-05-12 - Assembly - Assembly Codes Committee: Favorable (Y: 15 N: 6 NV: 0 Abs: 1) [PASS]
2021-05-04 - Assembly - Assembly Judiciary Committee: Favorable refer to committee Codes (Y: 15 N: 6 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2021-06-02Assemblysubstituted by s153
2021-05-13Assemblyadvanced to third reading cal.350
2021-05-12Assemblyreported
2021-05-04Assemblyreported referred to codes
2021-01-19Assemblyreferred to judiciary

Same As/Similar To

S00153 (Same As) 2021-11-08 - SIGNED CHAP.593

New York State Sources


Bill Comments

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