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Assembly Bill A5504

2009-2010 Legislative Session

Provides for financial education courses for people who have a certain credit score

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Archive: Last Bill Status - In Assembly Committee

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2009-A5504 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
Public Housing Law
Laws Affected:
Amd ยง14, Pub Hous L

2009-A5504 (ACTIVE) - Summary

Provides for financial education courses for people who have a certain credit score.

2009-A5504 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5504

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2009
                               ___________

Introduced  by M. of A. BOYLAND -- read once and referred to the Commit-
  tee on Housing

AN ACT to amend the public housing law, in  relation  to  requiring  the
  division  of  housing  and  community  renewal  to provide a financial
  education course to certain persons with credit problems

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 14 of the public housing law is amended by adding a
new subdivision 6 to read as follows:
  6.  THE COMMISSIONER IS AUTHORIZED AND DIRECTED TO PROVIDE A FINANCIAL
EDUCATION COURSE TO THOSE PERSONS WHO CAN PROVE THAT THEY HAVE A  CREDIT
SCORE  UNDER 620 AS VERIFIED BY A REPUTABLE CREDIT REPORTING AGENCY. THE
COMMISSIONER SHALL PROMULGATE RULES AND REGULATIONS WHICH SHALL  CONTAIN
THE  LOCATIONS,  DATES, FEES, ADMISSION REQUIREMENTS, AND THE CURRICULUM
FOR SUCH COURSES.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08904-01-9

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