Bill 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; 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.

Spectrum: Partisan Bill (Democrat 20-0)

Status: (Engrossed - Dead) 2014-03-11 - enacting clause stricken [A02678 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Assemblymember Helene Weinstein [D]	Primary	Sponsored Bills	HD-041	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Ellen Jaffee [D]	Cosponsor	Sponsored Bills	HD-097	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Joan Millman [D]	Cosponsor	Sponsored Bills	HD-052	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Matthew Titone [D]	Cosponsor	Sponsored Bills	HD-061	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Colton [D]	Cosponsor	Sponsored Bills	HD-047	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember David Weprin [D]	Cosponsor	Sponsored Bills	HD-024	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Sandra Galef [D]	Cosponsor	Sponsored Bills	HD-095	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Michael Miller [D]	Cosponsor	Sponsored Bills	HD-038	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Thomas Abinanti [D]	Cosponsor	Sponsored Bills	HD-092	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Kenneth Zebrowski [D]	Cosponsor	Sponsored Bills	HD-096	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Crystal Peoples-Stokes [D]	Cosponsor	Sponsored Bills	HD-141	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Marcos Crespo [D]	Primary	Sponsored Bills	HD-085	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Steven Cymbrowitz [D]	Primary	Sponsored Bills	HD-045	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Maritza Davila [D]	Primary	Sponsored Bills	HD-053	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Deborah Glick [D]	Primary	Sponsored Bills	HD-066	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Richard Gottfried [D]	Primary	Sponsored Bills	HD-075	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Rhoda Jacobs [D]	Primary	Sponsored Bills	HD-042	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Steven Otis [D]	Primary	Sponsored Bills	HD-091	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Nick Perry [D]	Primary	Sponsored Bills	HD-058	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Michelle Schimel [D]	Primary	Sponsored Bills	HD-016	FollowTheMoney	Ballotpedia	VoteSmart

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