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Assembly Bill A6380A

2013-2014 Legislative Session

Authorizes fees for layaway plans

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2013-A6380 - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business Law
Laws Affected:
Amd §396-t, Gen Bus L

2013-A6380 - Summary

Authorizes merchants to charge a fee of either $5 or two percent of the full purchase price of merchandise on layaway.

2013-A6380 - Bill Text download pdf 

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

                                  6380

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             March 26, 2013
                               ___________

Introduced by M. of A. DINOWITZ -- read once and referred to the Commit-
  tee on Consumer Affairs and Protection

AN  ACT to amend the general business law, in relation to fees for laya-
  way plans

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

  Section  1.  Subdivisions  (d),  (e)  and  (f) of section 396-t of the
general business law are relettered subdivisions (e), (f) and (g) and  a
new subdivision (d) is added to read as follows:
  (D)  IF  A  MERCHANT  CHARGES  A FEE FOR A LAYAWAY PLAN, THEN SUCH FEE
SHALL BE THE LESSOR OF EITHER FIVE DOLLARS OR  TWO  PER  CENTUM  OF  THE
PURCHASE PRICE OF THE MERCHANDISE SUBJECT TO SUCH PLAN.
  S  2.  This  act  shall take effect on the sixtieth day after it shall
have become a law.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09815-01-3

2013-A6380A (ACTIVE) - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business Law
Laws Affected:
Amd §396-t, Gen Bus L

2013-A6380A (ACTIVE) - Summary

Authorizes merchants to charge a fee of either $5 or two percent of the full purchase price of merchandise on layaway.

2013-A6380A (ACTIVE) - Bill Text download pdf 

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

                                 6380--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             March 26, 2013
                               ___________

Introduced by M. of A. DINOWITZ -- read once and referred to the Commit-
  tee  on  Consumer Affairs and Protection -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT to amend the general business law, in relation to fees for laya-
  way plans

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

  Section  1.  Subdivisions  (d),  (e)  and  (f) of section 396-t of the
general business law, such section as renumbered by chapter 891  of  the
laws  of  1981,  are  relettered subdivisions (e), (f) and (g) and a new
subdivision (d) is added to read as follows:
  (D) IF A MERCHANT CHARGES A FEE FOR A  LAYAWAY  PLAN,  THEN  SUCH  FEE
SHALL  BE  THE  LESSER  OF  EITHER FIVE DOLLARS OR TWO PER CENTUM OF THE
PURCHASE PRICE OF THE MERCHANDISE SUBJECT TO SUCH PLAN.
  S 2. This act shall take effect on the sixtieth  day  after  it  shall
have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09815-02-3

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