NY A10118 | 2019-2020 | General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 30-0)
Status: Passed on December 23 2020 - 100% progression
Action: 2020-12-23 - APPROVAL MEMO.65
Text: Latest bill text (Amended) [HTML]

Summary

Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient, including information concerning the financing amount, finance charges, the annual percentage rate, the total repayment amount, the term, payment amounts, other potential fees, any prepayment costs and a description of any collateral requirements.

Tracking Information

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Title

Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient, including information concerning the financing amount, finance charges, the annual percentage rate, the total repayment amount, the term, payment amounts, other potential fees, any prepayment costs and a description of any collateral requirements.

Sponsors


Roll Calls

2020-07-23 - Senate - Senate Floor Vote - Final Passage (Y: 43 N: 17 NV: 0 Abs: 0) [PASS]
2020-07-22 - Senate - Senate Rules Committee Vote (Y: 15 N: 4 NV: 0 Abs: 0) [PASS]
2020-07-21 - Senate - Senate Banks Committee Vote (Y: 9 N: 2 NV: 0 Abs: 0) [PASS]
2020-07-21 - Assembly - Assembly Rules Committee: Favorable (Y: 26 N: 0 NV: 0 Abs: 4) [PASS]
2020-07-17 - Assembly - Assembly Codes Committee: Favorable refer to committee Rules (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2020-07-13 - Assembly - Assembly Banks Committee: Favorable refer to committee Codes (Y: 29 N: 0 NV: 0 Abs: 2) [PASS]

History

DateChamberAction
2020-12-23AssemblyAPPROVAL MEMO.65
2020-12-23AssemblySIGNED CHAP.369
2020-12-11SenateDELIVERED TO GOVERNOR
2020-07-23Senatereturned to senate
2020-07-23Senatepassed assembly
2020-07-23Senateordered to third reading rules cal.264
2020-07-23Senatesubstituted for a10118a
2020-07-23Senatereferred to codes
2020-07-23AssemblyDELIVERED TO ASSEMBLY
2020-07-23AssemblyPASSED SENATE
2020-07-22AssemblyORDERED TO THIRD READING CAL.886
2020-07-21AssemblyREPORTED AND COMMITTED TO RULES
2020-07-13AssemblyPRINT NUMBER 5470B
2020-07-13AssemblyAMEND AND RECOMMIT TO BANKS
2020-03-13AssemblyPRINT NUMBER 5470A
2020-03-13AssemblyAMEND (T) AND RECOMMIT TO BANKS
2020-01-08AssemblyREFERRED TO BANKS
2019-05-01AssemblyREFERRED TO BANKS
2020-07-23Assemblysubstituted by s5470b
2020-07-21Assemblyordered to third reading rules cal.264
2020-07-21Assemblyrules report cal.264
2020-07-21Assemblyreported
2020-07-17Assemblyreported referred to rules
2020-07-13Assemblyreported referred to codes
2020-07-10Assemblyprint number 10118a
2020-07-10Assemblyamend and recommit to banks
2020-03-12Assemblyreferred to banks

Same As/Similar To

S05470 (Same As) 2020-12-23 - APPROVAL MEMO.65

New York State Sources

TypeSource
Summaryhttps://www.nysenate.gov/legislation/bills/2019/A10118
Texthttps://assembly.state.ny.us/leg/?default_fld=&bn=A10118&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A10118
Texthttps://assembly.state.ny.us/leg/?default_fld=&bn=A10118&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A10118A
Roll Callhttps://assembly.state.ny.us/leg/?default_fld=&bn=A10118&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#AC1
Roll Callhttps://assembly.state.ny.us/leg/?default_fld=&bn=A10118&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#AC2
Roll Callhttps://assembly.state.ny.us/leg/?default_fld=&bn=A10118&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#AC3
Roll Callhttps://www.nysenate.gov/legislation/bills/2019/A10118#SC1
Roll Callhttps://www.nysenate.gov/legislation/bills/2019/A10118#SC2
Roll Callhttps://www.nysenate.gov/legislation/bills/2019/A10118#SF1

Bill Comments

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