New York Assembly Bill 7158 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on April 14 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to consumer affairs and protection
Pending: Assembly Consumer Affairs and Protection Committee
Text: Latest bill text (Introduced) [HTML]

Adds provisions dealing with deceptive acts and practices in connection with the charging of interest or payments for goods or services; provides that in contracts for the sale of goods or rendition of services offering interest free financing if payment is made in whole or in installments by a specified date, no finance charge or interest may be charged until after the date specified for completion of payment is passed and until written notice thereof is given to the obligor (consumer).

Adds provisions dealing with deceptive acts and practices in connection with the charging of interest or payments for goods or services; provides that in contracts for the sale of goods or rendition of services offering interest free financing if payment is made in whole or in installments by a specified date, no finance charge or interest may be charged until after the date specified for completion of payment is passed and until written notice thereof is given to the obligor (consumer).

Asm. Joel Miller [R]

Asm. Teresa Sayward [R]

Date	Chamber	Action
2012-01-04	Assembly	referred to consumer affairs and protection
2011-04-14	Assembly	referred to consumer affairs and protection

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=A07158&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A07158&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07158