Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to consumer protection |
Jan 15, 2009 |
referred to consumer protection |
Senate Bill S771
2009-2010 Legislative Session
Sponsored By
(R, IP) Senate District
Archive: Last Bill Status - In Senate Committee Consumer Protection 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
2009-S771 (ACTIVE) - Details
- Current Committee:
- Senate Consumer Protection
- Law Section:
- General Business Law
- Laws Affected:
- Amd §520, Gen Bus L
2009-S771 (ACTIVE) - Sponsor Memo
BILL NUMBER: S771 TITLE OF BILL : An act to amend the general business law, in relation to prohibiting credit card companies from accepting and processing an application that has been altered, torn and reconstructed or damaged PURPOSE : To prohibit credit card companies from accepting and processing an altered, torn and reconstructed or damaged application. SUMMARY OF PROVISIONS : Section 1: Section 520 of the general business law is amended by adding new subdivision 10 which provides that no credit card company shall accept and process an application that has been altered, torn and reconstructed or damaged. Section 2: Effective Date. JUSTIFICATION : Identity theft is a serious problem in New York State. Nationally, identity theft costs businesses and financial institutions $33 Billion a year and Americans spent a total of 300 million hours resolving problems related to identity theft. Contrary to popular belief, ripping up credit card applications is not a good way to prevent people from stealing their identity using an damaged credit card
2009-S771 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 771 2009-2010 Regular Sessions I N S E N A T E January 15, 2009 ___________ Introduced by Sen. ALESI -- 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 prohibiting credit card companies from accepting and processing an application that has been altered, torn and reconstructed or damaged THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 520 of the general business law is amended by adding a new subdivision 10 to read as follows: (10) NO CREDIT CARD COMPANIES SHALL ACCEPT AND PROCESS AN APPLICATION THAT HAS BEEN ALTERED, TORN AND RECONSTRUCTED OR DAMAGED. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03458-01-9
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