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Assembly Bill A6960

2009-2010 Legislative Session

Prohibits credit card issuers from requiring payment of any debt on Saturdays, Sundays, or on any federal or state holiday

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Archive: Last Bill Status - In Assembly Committee

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2009-A6960 (ACTIVE) - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business Law
Laws Affected:
Add ยง517-a, Gen Bus L

2009-A6960 (ACTIVE) - Summary

Prohibits credit card issuers from requiring payment of any debt on Saturdays, Sundays, or on any federal or state holiday.

2009-A6960 (ACTIVE) - Bill Text download pdf 

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

                                  6960

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             March 18, 2009
                               ___________

Introduced  by  M.  of  A.  DenDEKKER  --  read once and referred to the
  Committee on Consumer Affairs and Protection

AN ACT to amend the general business law,  in  relation  to  prohibiting
  credit  card  issuers from requiring payment of any debt on Saturdays,
  Sundays, or on any religious, federal or state holiday

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

  Section 1. The general business law is amended by adding a new section
517-a to read as follows:
  S  517-A.  CREDIT AND PAYMENTS ON WEEKENDS AND HOLIDAYS.  1. NO ISSUER
OF A CREDIT CARD SHALL REQUIRE A HOLDER TO MAKE A PAYMENT  ON  SATURDAY,
SUNDAY, OR ANY FEDERAL OR STATE HOLIDAY.
  2.  A. EVERY VIOLATION OF THIS SECTION SHALL BE DEEMED A DECEPTIVE ACT
AND PRACTICE SUBJECT TO ENFORCEMENT UNDER ARTICLE TWENTY-TWO-A  OF  THIS
CHAPTER.  IN EVERY CASE WHERE THE COURT SHALL DETERMINE THAT A VIOLATION
OF THIS SECTION HAS OCCURRED, IT MAY IMPOSE A CIVIL PENALTY OF NOT  MORE
THAN  ONE  THOUSAND  DOLLARS  FOR SUCH VIOLATION, AND MAY IMPOSE A CIVIL
PENALTY OF NOT MORE  THAN  TWO  THOUSAND  DOLLARS  FOR  EACH  SUBSEQUENT
VIOLATION.
  B.  NOTHING  IN  THIS SECTION SHALL BE CONSTRUED TO RESTRICT ANY RIGHT
WHICH ANY PERSON MAY HAVE UNDER ANY OTHER STATUTE OR THE COMMON LAW.
  S 2. This act shall take effect on the first of January next  succeed-
ing the date on which it shall have become a law.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08052-03-9

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