Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 29, 2017 |
approval memo.66 signed chap.505 |
Dec 19, 2017 |
delivered to governor |
Jun 20, 2017 |
returned to senate passed assembly ordered to third reading rules cal.570 substituted for a8260a |
Jun 20, 2017 |
substituted by s6593a rules report cal.570 reported |
Jun 19, 2017 |
reported referred to rules |
Jun 15, 2017 |
print number 8260a |
Jun 15, 2017 |
amend and recommit to ways and means |
Jun 05, 2017 |
reported referred to ways and means |
Jun 02, 2017 |
referred to banks |
Assembly Bill A8260A
Signed By Governor2017-2018 Legislative Session
Sponsored By
ZEBROWSKI O
Archive: Last Bill Status Via S6593 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2017-A8260 - Details
- See Senate Version of this Bill:
- S6593
- Law Section:
- Banks
2017-A8260 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8260 2017-2018 Regular Sessions I N A S S E M B L Y June 2, 2017 ___________ Introduced by M. of A. ZEBROWSKI -- read once and referred to the Committee on Banks AN ACT to establish the task force on online lending institutions, and providing for its powers and duties; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings and intent. The legislature finds and declares that nationwide financial and technological firms have used electronic platforms to develop a completely new sector of business, known as online lending. The New York state economy, which is driven by a virtual presence on the internet, just like other businesses, has needs for capital to grow and prosper. The legislature further finds that in recent years, financial services have begun to use electronic platforms to reduce costs and expand availability and have specialized in providing small personal and commercial loans to residents and busi- nesses in this state. The legislature further finds that although online loans can provide another avenue for individuals and entrepreneurs to acquire capital and grow their small business, there is potential for unscrupulous online lenders to exploit consumers through predatory practices. While the state has an interest in fostering its economy and its businesses, it likewise has an interest in protecting its consumers and the well-being of its residents. § 2. Task force on online lending institutions. 1. There is hereby established a task force on online lending institutions (hereinafter referred to in this section as the "task force") which shall consist of seven members as follows: (a) three members appointed by the governor; (b) two members appointed by the temporary president of the senate; and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2017-A8260A (ACTIVE) - Details
- See Senate Version of this Bill:
- S6593
- Law Section:
- Banks
2017-A8260A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8260--A 2017-2018 Regular Sessions I N A S S E M B L Y June 2, 2017 ___________ Introduced by M. of A. ZEBROWSKI -- read once and referred to the Committee on Banks -- reported and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to establish the task force on online lending institutions, and providing for its powers and duties; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings and intent. The legislature finds and declares that nationwide financial and technological firms have used electronic platforms to develop a completely new sector of business, known as online lending. The New York state economy, which is driven by a virtual presence on the internet, just like other businesses, has needs for capital to grow and prosper. The legislature further finds that in recent years, financial services have begun to use electronic platforms to reduce costs and expand availability and have specialized in providing small personal and commercial loans to residents and busi- nesses in this state. The legislature further finds that although online loans can provide another avenue for individuals and entrepreneurs to acquire capital and grow their small business, there is potential for unscrupulous online lenders to exploit consumers through predatory practices. While the state has an interest in fostering its economy and its businesses, it likewise has an interest in protecting its consumers and the well-being of its residents. § 2. Task force on online lending institutions. 1. There is hereby established a task force on online lending institutions (hereinafter referred to in this section as the "task force") which shall consist of seven members as follows: (a) three members appointed by the governor; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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