NY A09053 | 2013-2014 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 37-0)
Status: Engrossed on May 28 2014 - 50% progression, died in committee
Action: 2014-05-28 - REFERRED TO JUDICIARY
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Engrossed on May 28 2014 - 50% progression, died in committee
Action: 2014-05-28 - REFERRED TO JUDICIARY
Pending: Senate Judiciary Committee
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; requires debt collectors to send consumers a written notice of their rights under state law along with their initial debt collection correspondence; such notice would contain information such as who and when a principal creditor may contact a debtor about the debt owed as well as the fact that a principal creditor cannot disclose information affecting a consumer debtor's reputation for creditworthiness if the principal creditor knows or has reason to know such information is false; applies to consumer rather than commercial debts.
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; requires debt collectors to send consumers a written notice of their rights under state law along with their initial debt collection correspondence; such notice would contain information such as who and when a principal creditor may contact a debtor about the debt owed as well as the fact that a principal creditor cannot disclose information affecting a consumer debtor's reputation for creditworthiness if the principal creditor knows or has reason to know such information is false; applies to consumer rather than commercial debts.
Sponsors
Roll Calls
Assembly - Assembly Floor Vote - Final Passage (Y: 86 N: 43 NV: 0 Abs: 11) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2014-05-28 | Senate | REFERRED TO JUDICIARY |
| 2014-05-28 | Assembly | delivered to senate |
| 2014-05-28 | Assembly | passed assembly |
| 2014-04-03 | Assembly | advanced to third reading cal.546 |
| 2014-04-01 | Assembly | reported |
| 2014-03-25 | Assembly | reported referred to codes |
| 2014-03-11 | Assembly | referred to judiciary |
Same As/Similar To
S02454 (Same As) 2014-03-10 - RECOMMIT, ENACTING CLAUSE STRICKEN
A02678 (Same As) 2014-03-11 - enacting clause stricken
S07349 (Same As) 2014-05-13 - REFERRED TO JUDICIARY
A02678 (Same As) 2014-03-11 - enacting clause stricken
S07349 (Same As) 2014-05-13 - REFERRED TO JUDICIARY
