senate Bill S4598

2013-2014 Legislative Session

Relates to the truth in lending clearinghouse program and the student lending transparency program

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 26, 2014 reported and committed to finance
Jan 08, 2014 referred to banks
returned to senate
died in assembly
Jun 17, 2013 referred to banks
delivered to assembly
passed senate
ordered to third reading cal.1383
committee discharged and committed to rules
Apr 23, 2013 reported and committed to higher education
Apr 12, 2013 referred to banks

Votes

view votes

Mar 26, 2014 - Banks committee Vote

S4598
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

Jun 17, 2013 - Rules committee Vote

S4598
24
0
committee
24
Aye
0
Nay
0
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Rules committee vote details

Apr 24, 2013 - Banks committee Vote

S4598
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

S4598 - Details

Law Section:
Financial Services Law
Laws Affected:
Amd §301, add Art 6 §§601 - 603, Fin Serv L; amd §655, add Art 14-B §§697 - 699, Ed L

S4598 - Summary

Relates to the truth in lending clearinghouse program and the student lending transparency program.

S4598 - Sponsor Memo

S4598 - Bill Text download pdf

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

                                  4598

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             April 12, 2013
                               ___________

Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Banks

AN ACT to amend the financial services law, in relation to the truth  in
  student  lending  clearinghouse  program;  and  to amend the financial
  services law and the education law, in relation to the student lending
  transparency program

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

  Section  1. Paragraphs 6 and 7 of subsection (c) of section 301 of the
financial services law are amended and a new paragraph  8  is  added  to
read as follows:
  (6)  providing  technical assistance to local governments and not-for-
profits in the development of consumer protection measures with  respect
to financial products and services; [and]
  (7)   continuing   and  expanding  the  detection,  investigation  and
prevention of insurance fraud[.]; AND
  (8) ESTABLISHING AND ADMINISTERING THE "STUDENT  LENDING  TRANSPARENCY
PROGRAM" PURSUANT TO ARTICLE SIX OF THIS CHAPTER.
  S  2.  The financial services law is amended by adding a new article 6
to read as follows:
                                ARTICLE 6
                  STUDENT LENDING TRANSPARENCY PROGRAM
SECTION 601. DEFINITIONS.
        602. STUDENT LENDING TRANSPARENCY PROGRAM.
        603. RULES AND REGULATIONS.
  S 601. DEFINITIONS. THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEAN-
INGS WHEN USED IN THIS ARTICLE:
  A. "PRIVATE STUDENT LOANS" SHALL MEAN  A  PRIVATE  LOAN  ISSUED  BY  A
PRIVATE  LENDING INSTITUTION FOR THE PURPOSES OF PAYING FOR OR FINANCING
HIGHER EDUCATION EXPENSES.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09564-01-3

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