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Assembly Bill A8102

Signed By Governor

2011-2012 Legislative Session

Extends the effectiveness of open end loans

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Archive: Last Bill Status - Signed by Governor

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2011-A8102 (ACTIVE) - Details

See Senate Version of this Bill:
S5531
Law Section:
Banks
Laws Affected:
Amd ยง3, Chap 223 of 1996
Versions Introduced in 2009-2010 Legislative Session:
A8382

2011-A8102 (ACTIVE) - Summary

Extends the effectiveness of open end loans.

2011-A8102 (ACTIVE) - Bill Text download pdf 

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

                                  8102

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              June 1, 2011
                               ___________

Introduced by M. of A. CASTRO -- read once and referred 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
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ments  made  by  this  act  shall expire and be deemed repealed, and the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.
                                                           LBD10121-01-1

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