New York Senate Bill 2454 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on January 17 2013 - 25% progression, died in chamber
Action: 2014-03-10 - RECOMMIT, ENACTING CLAUSE STRICKEN
Text: Latest bill text (Introduced) [HTML]

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.

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.

Sen. Diane Savino [D]	Sen. Joseph Addabbo [D]	Sen. David Carlucci [D]	Sen. Adriano Espaillat [D]
Sen. Ruth Hassell-Thompson [D]	Sen. Timothy Kennedy [D]	Sen. George Latimer [D]	Sen. Kevin Parker [D]
Sen. John Sampson [D]	Sen. Toby Stavisky [D]

Date	Chamber	Action
2014-03-10	Senate	RECOMMIT, ENACTING CLAUSE STRICKEN
2014-01-08	Senate	REFERRED TO JUDICIARY
2013-01-17	Senate	REFERRED TO JUDICIARY

A02678 (Same As) 2014-03-11 - enacting clause stricken
A09053 (Same As) 2014-05-28 - REFERRED TO JUDICIARY

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=S02454&term=2013&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S02454&term=2013&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02454