NY S08959 | 2017-2018 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on June 7 2018 - 25% progression, died in committee
Action: 2018-06-11 - PRINT NUMBER 8959A
Pending: Senate Rules Committee
Text: Latest bill text (Amended) [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.

Tracking Information

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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.

Sponsors


History

DateChamberAction
2018-06-11SenatePRINT NUMBER 8959A
2018-06-11SenateAMEND AND RECOMMIT TO RULES
2018-06-07SenateREFERRED TO RULES

Same As/Similar To

A01752 (Same As) 2018-06-11 - amended on third reading 1752a

New York State Sources


Bill Comments

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