S T A T E O F N E W Y O R K
2011-2012 Regular Sessions
I N S E N A T E
May 31, 2011
Introduced by Sen. GRIFFO -- read twice and ordered printed, and when
printed to be committed to the Committee on Banks
AN ACT to amend chapter 223 of the laws of 1996, amending the banking
law relating to permissible fees in connection with open end loans, in
relation to extending the effectiveness thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 3 of chapter 223 of the laws of 1996, amending the
banking law relating to permissible fees in connection with open end
loans, as amended by chapter 166 of the laws of 2009, is amended to read
S 3. This act shall take effect immediately, and remain in full force
and effect until June 30,  2013, when, upon such date, the amend-
ments made by this act shall expire and be deemed repealed, and the
provisions of law amended by this act shall revert to their text and be
read as they were immediately prior to the effective date of this act.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.