Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 29, 2024 |
referred to judiciary delivered to assembly passed senate |
May 28, 2024 |
ordered to third reading cal.1470 committee discharged and committed to rules |
May 22, 2024 |
print number 4146b |
May 22, 2024 |
amend and recommit to consumer protection |
Jan 03, 2024 |
referred to consumer protection returned to senate died in assembly |
Jun 06, 2023 |
referred to judiciary delivered to assembly passed senate ordered to third reading cal.1636 committee discharged and committed to rules |
Jun 01, 2023 |
print number 4146a |
Jun 01, 2023 |
amend and recommit to consumer protection |
Feb 03, 2023 |
referred to consumer protection |
Senate Bill S4146
2023-2024 Legislative Session
Sponsored By
(D, WF) 56th Senate District
Current Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
co-Sponsors
(R, C) 57th Senate District
(D) 20th Senate District
(D) 32nd Senate District
2023-S4146 - Details
2023-S4146 - Summary
Enacts the consumer litigation funding act to promote consumer protections related to consumer litigation funding transactions; provides for contract requirements, including that the contract contain a no penalty provision for the prepayment of the funded amount prior to the settlement of his or her case; makes related provisions.
2023-S4146 - Sponsor Memo
BILL NUMBER: S4146 SPONSOR: COONEY TITLE OF BILL: An act to amend the general business law, in relation to consumer liti- gation funding PURPOSE OR GENXRAL IDEA OF BILL The bill establishes provisions to regulate the Consumer Litigation Funding Industry in New York State. This bill may be cited as the "Consumer Litigation Funding Act". SUMMARY OF PROVISIONS: Section 1 relates the short title of the bill. Section 2 clarifies the legislative intent. Section 3 amends the general business law by adding a new article, 39-H, which specifies guidelines of regulation as follows:
2023-S4146 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4146 2023-2024 Regular Sessions I N S E N A T E February 3, 2023 ___________ Introduced by Sens. COONEY, BORRELLO, SEPULVEDA -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to consumer liti- gation funding THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "consumer litigation funding act". § 2. Legislative intent. In an effort to promote consumer protections related to consumer litigation funding transactions, this act estab- lishes that such transactions should be subject to state regulation and sets forth requirements regarding disclosure, licensing, funding company and attorney responsibilities and limitations, violations and other items. § 3. The general business law is amended by adding a new article 39-H to read as follows: ARTICLE 39-H THIRD PARTY LITIGATION FINANCING SECTION 899-CCC. DEFINITIONS. 899-DDD. CONTRACT REQUIREMENTS; RIGHT OF RESCISSION. 899-EEE. PROHIBITIONS AND CHARGE LIMITATIONS. 899-FFF. CONTRACTED AMOUNTS. 899-GGG. DISCLOSURES. 899-HHH. VIOLATIONS. 899-III. ASSIGNABILITY; LIENS. 899-JJJ. EFFECT OF COMMUNICATION ON PRIVILEGES. 899-KKK. REGISTRATION. 899-LLL. REPORTING. 899-MMM. SEVERABILITY. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00249-01-3 S. 4146 2
co-Sponsors
(R, C) 57th Senate District
(D) 20th Senate District
(R, C) 5th Senate District
(D) 32nd Senate District
2023-S4146A - Details
2023-S4146A - Summary
Enacts the consumer litigation funding act to promote consumer protections related to consumer litigation funding transactions; provides for contract requirements, including that the contract contain a no penalty provision for the prepayment of the funded amount prior to the settlement of his or her case; makes related provisions.
2023-S4146A - Sponsor Memo
BILL NUMBER: S4146A SPONSOR: COONEY TITLE OF BILL: An act to amend the general business law, in relation to consumer liti- gation funding PURPOSE OR GENERAL IDEA OF BILL: The bill establishes provisions to regulate the Consumer Litigation Funding Industry in New York State. This bill may be cited as the "Consumer Litigation Funding Act". SUMMARY OF PROVISIONS: Section 1 relates the short title of the bill. Section 2 clarifies the legislative intent. Section 3 amends the general business law by adding a new article, 39-H, which specifies guidelines of regulation as follows:
2023-S4146A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4146--A 2023-2024 Regular Sessions I N S E N A T E February 3, 2023 ___________ Introduced by Sens. COONEY, BORRELLO, MYRIE, SEPULVEDA -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general business law, in relation to consumer liti- gation funding THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "consumer litigation funding act". § 2. Legislative intent. In an effort to promote consumer protections related to consumer litigation funding transactions, this act estab- lishes that such transactions should be subject to state regulation and sets forth requirements regarding disclosure, licensing, funding company and attorney responsibilities and limitations, violations and other items. § 3. The general business law is amended by adding a new article 39-H to read as follows: ARTICLE 39-H THIRD PARTY LITIGATION FINANCING SECTION 899-CCC. DEFINITIONS. 899-DDD. CONTRACT REQUIREMENTS; RIGHT OF RESCISSION. 899-EEE. PROHIBITIONS AND CHARGE LIMITATIONS. 899-FFF. CONTRACTED AMOUNTS. 899-GGG. DISCLOSURES. 899-HHH. VIOLATIONS. 899-III. ASSIGNABILITY; LIENS. 899-JJJ. EFFECT OF COMMUNICATION ON PRIVILEGES. 899-KKK. REGISTRATION. 899-LLL. REPORTING. 899-MMM. SEVERABILITY. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00249-04-3
co-Sponsors
(R, C) 57th Senate District
(D) 20th Senate District
(R, C) 5th Senate District
(D) 32nd Senate District
2023-S4146B (ACTIVE) - Details
2023-S4146B (ACTIVE) - Summary
Enacts the consumer litigation funding act to promote consumer protections related to consumer litigation funding transactions; provides for contract requirements, including that the contract contain a no penalty provision for the prepayment of the funded amount prior to the settlement of his or her case; makes related provisions.
2023-S4146B (ACTIVE) - Sponsor Memo
BILL NUMBER: S4146B SPONSOR: COONEY TITLE OF BILL: An act to amend the general business law, in relation to consumer liti- gation funding PURPOSE OR GENERAL IDEA OF BILL: The bill establishes provisions to regulate the Consumer Litigation Funding Industry in New York State. This bill may be cited as the "Consumer Litigation Funding Act". SUMMARY OF PROVISIONS: Section 1 relates the short title of the bill. Section 2 clarifies the legislative intent. Section 3 amends the general business law by adding a new article, 39-H, which specifies guidelines of regulation as follows:
2023-S4146B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4146--B 2023-2024 Regular Sessions I N S E N A T E February 3, 2023 ___________ Introduced by Sens. COONEY, BORRELLO, MYRIE, RHOADS, SEPULVEDA -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- recommitted to the Committee on Consumer Protection in accord- ance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general business law, in relation to consumer liti- gation funding THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "consumer litigation funding act". § 2. Legislative intent. In an effort to promote consumer protections related to consumer litigation funding transactions, this act estab- lishes that such transactions should be subject to state regulation and sets forth requirements regarding disclosure, licensing, funding company and attorney responsibilities and limitations, violations and other items. § 3. The general business law is amended by adding a new article 39-H to read as follows: ARTICLE 39-H THIRD PARTY LITIGATION FINANCING SECTION 899-CCC. DEFINITIONS. 899-DDD. CONTRACT REQUIREMENTS; RIGHT OF RESCISSION. 899-EEE. PROHIBITIONS AND CHARGE LIMITATIONS. 899-FFF. CONTRACTED AMOUNTS. 899-GGG. DISCLOSURES. 899-HHH. VIOLATIONS. 899-III. ASSIGNABILITY; LIENS. 899-JJJ. EFFECT OF COMMUNICATION ON PRIVILEGES. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00249-05-4
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