NY A10118 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 25-0)
Status: Introduced on March 12 2020 - 25% progression
Action: 2020-07-10 - print number 10118a
Pending: Assembly Banks Committee
Hearing: Jul 13 @ 2:30 pm in The committee meeting will be broadcast on the NYS Assembly webs
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


History

DateChamberAction
2020-07-10Assemblyprint number 10118a
2020-07-10Assemblyamend and recommit to banks
2020-03-12Assemblyreferred to banks

Same As/Similar To

S05470 (Same As) 2020-03-13 - PRINT NUMBER 5470A

New York State Sources


Bill Comments

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