Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 25, 2010 |
referred to banks delivered to senate passed assembly |
Jan 06, 2010 |
ordered to third reading cal.2 returned to assembly died in senate |
Mar 19, 2009 |
referred to banks delivered to senate passed assembly |
Mar 12, 2009 |
advanced to third reading cal.206 |
Mar 10, 2009 |
reported |
Feb 24, 2009 |
reported referred to codes |
Jan 07, 2009 |
referred to banks |
Assembly Bill A170
2009-2010 Legislative Session
Sponsored By
JEFFRIES
Archive: Last Bill Status - In Senate Committee Banks 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
co-Sponsors
Jeffrey Dinowitz
N. Nick Perry
multi-Sponsors
Deborah Glick
Janele Hyer-Spencer
Susan John
Helene Weinstein
2009-A170 (ACTIVE) - Details
- See Senate Version of this Bill:
- S5102
- Current Committee:
- Senate Banks
- Law Section:
- Banking Law
- Laws Affected:
- Add §595-c, Bank L
- Versions Introduced in 2011-2012 Legislative Session:
-
A1913, S4038
2009-A170 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 170 2009-2010 Regular Sessions I N A S S E M B L Y (PREFILED) January 7, 2009 ___________ Introduced by M. of A. JEFFRIES, DINOWITZ, PERRY -- Multi-Sponsored by -- M. of A. GLICK, HYER-SPENCER, JOHN, WEINSTEIN -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to the dealings of mortgage brokers and home improvement contractors THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The banking law is amended by adding a new section 595-c to read as follows: S 595-C. REGULATION OF DEALINGS OF MORTGAGE BROKERS AND HOME IMPROVE- MENT CONTRACTORS. 1. A HOME IMPROVEMENT CONTRACTOR SHALL NOT REPRESENT A MORTGAGE BROKER WHILE SOLICITING HOME IMPROVEMENT CONTRACTS. THE STAFF OF A HOME IMPROVEMENT CONTRACTOR SHALL NOT ACT ON BEHALF OF A MORTGAGE BROKER IN ANY TRANSACTION. 2. A MORTGAGE BROKER SHALL NOT PAY A HOME IMPROVEMENT CONTRACTOR DIRECTLY UNLESS THEY PERFORM THEIR OWN INSPECTION OF THE COMPLETED WORK. 3. FOR THE PURPOSE OF THIS SECTION, "HOME IMPROVEMENT CONTRACTOR" MEANS A PERSON, FIRM OR CORPORATION WHICH OWNS OR OPERATES A HOME IMPROVEMENT BUSINESS OR WHO UNDERTAKES, OFFERS TO UNDERTAKE OR AGREES TO PERFORM ANY HOME IMPROVEMENT FOR A FEE AND FOR WHOM THE TOTAL CASH PRICE OF ALL OF HIS HOME IMPROVEMENT CONTRACTS WITH ALL HIS CUSTOMERS EXCEEDS ONE THOUSAND FIVE HUNDRED DOLLARS DURING ANY PERIOD OF TWELVE CONSEC- UTIVE MONTHS. HOME IMPROVEMENT CONTRACTOR DOES NOT INCLUDE A PERSON, FIRM, CORPORATION, LANDLORD, COOPERATIVE CORPORATION, CONDOMINIUM BOARD OF MANAGERS, JOINT TENANT OR CO-TENANT THAT OWNS, IN WHOLE OR IN PART, THE PROPERTY TO BE IMPROVED. S 2. This act shall take effect on the ninetieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. A LBD00322-01-9
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