Comments: NY S05470 | 2019-2020 | General Assembly

Bill 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.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2020-12-23 - APPROVAL MEMO.65 [S05470 Detail]

Text: Latest bill text (Amended) [HTML]

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