|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to consumer protection|
|Jan 09, 2013||referred to consumer protection|
senate Bill S1786
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1786 - Details
S1786 - Sponsor Memo
BILL NUMBER:S1786 TITLE OF BILL: An act to amend the general business law, the banking law and the personal property law, in relation to prohibiting unsolicited mailing of credit card applications PURPOSE: To prohibit the mailing of unsolicited credit card applications. SUMMARY OF PROVISIONS: The opening paragraph and subdivision 9 of section 520 of the general business law, the opening paragraph as added by chapter 200 of the laws of 1987 and subdivision 9 as added by chapter 485 of the laws of 1996, are amended and three new subdivisions 10, 11, and 12 are added. Subdivision 10 states that, except as provided in subdivision 12 of this section, it shall be unlawful for any financial institution, retail merchant or other person to mail or otherwise deliver any credit card application or credit card in this state. Subdivision 11 states that upon conviction of this section, a fine of no more than one thousand dollars per occurrence shall be imposed. Subdivision 12 states that this section shall not apply to any credit card application or credit card when mailed or otherwise delivered either: (a) in response to a request or application for a credit card;
S1786 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1786 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, the banking law and the personal property law, in relation to prohibiting unsolicited mailing of credit card applications THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph and subdivision 9 of section 520 of the general business law, the opening paragraph as added by chapter 200 of the laws of 1987 and subdivision 9 as added by chapter 485 of the laws of 1996, are amended and three new subdivisions 10, 11 and 12 are added to read as follows: Any application form [or preapproved written solicitation] to enter into a credit card agreement for personal, family, or household purposes which is mailed to an individual residing in this state on or after January first, nineteen hundred eighty-eight, by or on behalf of [a] AN issuer, whether or not the issuer is located in this state, other than an application form or solicitation included in a magazine, newspaper, or other publication distributed by someone other than the issuer, and, any application primarily for a credit card to be used for personal, family or household purposes which is distributed or made available in this state to a resident of this state on or after January first, nine- teen hundred eighty-eight in an office or other place of business owned or operated by the issuer, shall contain the following disclosures in chart form and shall put chart headings in bold face type of at least ten point in size and material inside the chart of at least eight point type in size. Such chart shall use substantially the same format and terminology shown below. In completing the chart with the information required for each category, the guidelines hereinafter contained in the corresponding subdivisions numbered one through four shall be utilized: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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