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Assembly Bill A7332A

2013-2014 Legislative Session

Directs the department of financial services to study, evaluate and make recommendations concerning businesses engaged in pension loan advancements

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Archive: Last Bill Status - In Senate Committee Finance Committee

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Bill Amendments

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2013-A7332 - Details

See Senate Version of this Bill:
S5716
Current Committee:
Senate Finance
Law Section:
Financial Services
Versions Introduced in Other Legislative Sessions:
2015-2016: A986
2017-2018: A684

2013-A7332 - Summary

Directs the department of financial services to study, evaluate and make recommendations concerning licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements.

2013-A7332 - Bill Text download pdf 

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

                                  7332

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 10, 2013
                               ___________

Introduced  by  M.  of  A.  RODRIGUEZ  --  read once and referred to the
  Committee on Banks

AN ACT to direct the department of financial services to study, evaluate
  and make recommendations concerning  licensure,  limits  on  fees  and
  interest  and  disclosure  practices  of businesses engaged in pension
  loan advancements

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

  Section  1.  The department of financial services is hereby authorized
and directed to examine, evaluate and  make  recommendations  concerning
the  licensure,  limits on fees and interest and disclosure practices of
businesses engaged in pension loan advancements.
  S 2. The department of financial services shall hold  public  hearings
in  the  course of conducting its examination and evaluation pursuant to
this act.
  S 3. The department of financial services shall submit a report, on or
before January 1, 2014, to the superintendent of financial services, the
governor and the legislature of its findings, conclusions and  recommen-
dations, and shall submit with its report such legislative and regulato-
ry proposals as it deems necessary to implement its recommendations.
  S 4. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10693-01-3

co-Sponsors

multi-Sponsors

2013-A7332A (ACTIVE) - Details

See Senate Version of this Bill:
S5716
Current Committee:
Senate Finance
Law Section:
Financial Services
Versions Introduced in Other Legislative Sessions:
2015-2016: A986
2017-2018: A684

2013-A7332A (ACTIVE) - Summary

Directs the department of financial services to study, evaluate and make recommendations concerning licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements.

2013-A7332A (ACTIVE) - Bill Text download pdf 

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

                                 7332--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              May 10, 2013
                               ___________

Introduced  by  M. of A. RODRIGUEZ, COOK, PEOPLES-STOKES, ROBERTS, STECK
  -- Multi-Sponsored by -- M. of A. JACOBS -- read once and referred  to
  the  Committee  on  Banks  -- recommitted to the Committee on Banks in
  accordance with Assembly Rule 3, sec. 2 -- committee discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to direct the department of financial services to study, evaluate
  and make recommendations concerning  licensure,  limits  on  fees  and
  interest  and  disclosure  practices  of businesses engaged in pension
  loan advancements

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

  Section  1.  The department of financial services is hereby authorized
and directed to examine, evaluate and  make  recommendations  concerning
the  licensure,  limits on fees and interest and disclosure practices of
businesses engaged in pension loan advancements.
  S 2. The department of financial services shall hold  public  hearings
in  the  course of conducting its examination and evaluation pursuant to
this act.
  S 3. The department of financial services shall submit a report, on or
before January 1, 2015, to the superintendent of financial services, the
governor and the legislature of its findings, conclusions and  recommen-
dations, and shall submit with its report such legislative and regulato-
ry proposals as it deems necessary to implement its recommendations.
  S 4. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10693-03-4

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