NY S04371 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 11 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO BANKS
Pending: Senate Banks Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Requires lending institutions that send unsolicited mail-loan checks to clearly state in solicitation letter the interest rate to be applied to such loan and to demonstrate the total cost of loan in a dollar amount, at interest rate, over periods of six months, one year, and three years.

Tracking Information

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Title

Requires lending institutions that send unsolicited mail-loan checks to clearly state in solicitation letter the interest rate to be applied to such loan and to demonstrate the total cost of loan in a dollar amount, at interest rate, over periods of six months, one year, and three years.

Sponsors


History

DateChamberAction
2020-01-08SenateREFERRED TO BANKS
2019-03-11SenateREFERRED TO BANKS

Same As/Similar To

A06475 (Same As) 2020-01-08 - referred to banks

New York State Sources


Bill Comments

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