Votes: NY A02678 | 2013-2014 | General Assembly
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]
Spectrum: Partisan Bill (Democrat 20-0)
Status: (Engrossed - Dead) 2014-03-11 - enacting clause stricken [A02678 Detail]
Text: Latest bill text (Introduced) [HTML]
Voting Records
Chamber | Vote | Date | Yea | Nay | NV | Abs | Total | Result | Source | View |
---|---|---|---|---|---|---|---|---|---|---|
Assembly | Assembly Floor Vote - Final Passage | Not Avail | 90 | 45 | 0 | 13 | 148 | Passed | Link | View |