Senate Bill S4998

Signed By Governor
2017-2018 Legislative Session

Extends the effectiveness of certain provisions relating to permissible fees in connection with open end loans

download bill text pdf

Sponsored By

Archive: Last Bill Status - 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

2017-S4998 (ACTIVE) - Details

See Assembly Version of this Bill:
A6284
Law Section:
Banks
Laws Affected:
Amd §3, Chap 223 of 1996

2017-S4998 (ACTIVE) - Summary

Extends the effectiveness of certain provisions relating to permissible fees in connection with open end loans.

2017-S4998 (ACTIVE) - Sponsor Memo

2017-S4998 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4998
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               March 3, 2017
                                ___________
 
 Introduced  by Sen. HAMILTON -- read twice and ordered printed, and when
   printed to be committed to the Committee on Banks
 
 AN ACT to amend chapter 223 of the laws of 1996,  amending  the  banking
   law relating to permissible fees in connection with open end loans, in
   relation to extending the effectiveness thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 3 of chapter 223 of the laws of 1996, amending  the
 banking  law  relating  to  permissible fees in connection with open end
 loans, as amended by chapter 31 of the laws of 2015, is amended to  read
 as follows:
   §  3. This act shall take effect immediately, and remain in full force
 and effect until June 30, [2017] 2019, when, upon such date, the  amend-
 ments  made  by  this  act  shall expire and be deemed repealed, and the
 provisions of law amended by this act shall revert to their text and  be
 read as they were immediately prior to the effective date of this act.
   § 2. This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10056-01-7



              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.