senate Bill S5531

Signed By Governor
2011-2012 Legislative Session

Extends the effectiveness of open end loans

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A8102 -

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 12, 2011 signed chap.114
Jun 30, 2011 delivered to governor
Jun 15, 2011 returned to assembly
passed senate
3rd reading cal.1061
substituted for s5531
Jun 15, 2011 substituted by a8102
Jun 14, 2011 advanced to third reading
Jun 13, 2011 2nd report cal.
Jun 07, 2011 1st report cal.1061
May 31, 2011 referred to banks

S5531 - Details

See Assembly Version of this Bill:
Law Section:
Laws Affected:
Amd ยง3, Chap 223 of 1996
Versions Introduced in 2009-2010 Legislative Session:

S5531 - Summary

Extends the effectiveness of open end loans.

S5531 - Sponsor Memo

S5531 - Bill Text download pdf

                    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


  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
as follows:
  S 3. This act shall take effect immediately, and remain in full  force
and  effect until June 30, [2011] 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ments made by this act shall expire and  be  deemed  repealed,  and  the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.


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