Assembly Bill A684

Signed By Governor
2017-2018 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S6161 - 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

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co-Sponsors

2017-A684 - Details

Law Section:
Financial Services
Versions Introduced in Other Legislative Sessions:
2013-2014: A7332
2015-2016: A986

2017-A684 - 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.

2017-A684 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    684
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2017
                                ___________
 
 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.
   § 2. The department of financial services shall hold  public  hearings
 in  the  course of conducting its examination and evaluation pursuant to
 this act.
   § 3. The department of financial services shall submit a report, on or
 before January 1, 2018, 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.
   § 4. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03960-01-7

co-Sponsors

2017-A684A (ACTIVE) - Details

Law Section:
Financial Services
Versions Introduced in Other Legislative Sessions:
2013-2014: A7332
2015-2016: A986

2017-A684A (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.

2017-A684A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  684--A
                                                         Cal. No. 315
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2017
                                ___________
 
 Introduced  by  M.  of  A.  RODRIGUEZ,  M. G. MILLER, MOSLEY, SEAWRIGHT,
   WEPRIN -- read once and referred to the Committee on Banks -- reported
   and referred to the Committee on Ways and Means -- advanced to a third
   reading, passed by Assembly and delivered to the Senate, recalled from
   the  Senate,  vote  reconsidered,  bill  amended,  ordered  reprinted,
   retaining its place on the order of third reading
 
 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.
   §  2.  The department of financial services shall hold public hearings
 in the course of conducting its examination and evaluation  pursuant  to
 this act.
   § 3. The department of financial services shall submit a report, on or
 before January 1, 2018, to the superintendent of financial services, the
 governor,  the  temporary  president  of  the senate, the speaker of the
 assembly, the chair of the senate banks committee, and the chair of  the
 assembly  banks  committee  of its findings, conclusions and recommenda-
 tions, and shall submit with its report such legislative proposals as it
 deems necessary to implement its recommendations.
   § 4. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03960-02-7

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