Bill Sponsors: 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]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Senator Kevin Thomas [D]PrimarySponsored BillsSD-006FollowTheMoneyBallotpediaVoteSmart
Senator David Carlucci [D]CosponsorSponsored BillsSD-038FollowTheMoneyBallotpediaVoteSmart
Senator Anna Kaplan [D]CosponsorSponsored BillsSD-007FollowTheMoneyBallotpediaVoteSmart
Senator John Liu [D]CosponsorSponsored BillsSD-011FollowTheMoneyBallotpediaVoteSmart
Senator Zellnor Myrie [D]CosponsorSponsored BillsSD-020FollowTheMoneyBallotpediaVoteSmart
Senator Jessica Ramos [D]CosponsorSponsored BillsSD-013FollowTheMoneyBallotpediaVoteSmart

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