senate Bill S6913A

2017-2018 Legislative Session

Establishes the credit reporting rights outreach program

download bill text pdf

Sponsored By

Current Bill Status - In Senate Banks Committee


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

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 14, 2018 print number 6913a
Mar 14, 2018 amend and recommit to banks
Jan 03, 2018 referred to banks
Oct 13, 2017 referred to rules

S6913 - Details

Law Section:
Financial Services Law
Laws Affected:
Add Art 7 §701, Fin Serv L

S6913 - Summary

Establishes the credit reporting rights outreach program to educate the public about the rights and obligations of citizens of the state of New York under the federal Equal Credit Opportunity Act; requires an annual report concerning the operation of such program.

S6913 - Sponsor Memo

S6913 - Bill Text download pdf

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

                                  6913

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            October 13, 2017
                               ___________

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

AN ACT to amend the financial services law,  in  relation  to  a  public
  education program about the rights of consumers

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

  Section 1. The financial services law is amended by adding a new arti-
cle 7 to read as follows:
                                ARTICLE 7
                CREDIT REPORTING RIGHTS OUTREACH PROGRAM
SECTION 701. CREDIT REPORTING RIGHTS OUTREACH PROGRAM ESTABLISHED.
  S 701.   CREDIT REPORTING RIGHTS  OUTREACH  PROGRAM  ESTABLISHED.  (A)
THERE  IS  HEREBY  ESTABLISHED  WITHIN THE DEPARTMENT A CREDIT REPORTING
RIGHTS OUTREACH PROGRAM TO EDUCATE THE PUBLIC ABOUT THE RIGHTS OF  CITI-
ZENS OF THE STATE OF NEW YORK UNDER THE FEDERAL EQUAL CREDIT OPPORTUNITY
ACT.
  (B)  THE  SUPERINTENDENT  SHALL SUBMIT ON OR BEFORE DECEMBER FIRST, AN
ANNUAL REPORT TO THE GOVERNOR AND THE LEGISLATURE CONCERNING THE  OPERA-
TION  OF THE CREDIT REPORTING RIGHTS PROGRAM. COMMENCING IN TWO THOUSAND
EIGHTEEN, SUCH REPORTS SHALL INCLUDE THE EXPERIENCE OF  THE  PROGRAM  IN
PROVIDING  OUTREACH  AND  EDUCATION  TO  THE  PUBLIC ON THE ISSUE OF THE
RIGHTS OF CITIZENS OF THE STATE OF NEW  YORK  UNDER  THE  FEDERAL  EQUAL
CREDIT OPPORTUNITY ACT.
  S  2.  This  act shall take effect on the ninetieth day after it shall
have become a law.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13606-01-7

S6913A (ACTIVE) - Details

Law Section:
Financial Services Law
Laws Affected:
Add Art 7 §701, Fin Serv L

S6913A (ACTIVE) - Summary

Establishes the credit reporting rights outreach program to educate the public about the rights and obligations of citizens of the state of New York under the federal Equal Credit Opportunity Act; requires an annual report concerning the operation of such program.

S6913A (ACTIVE) - Sponsor Memo

S6913A (ACTIVE) - Bill Text download pdf

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

                                 6913--A

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            October 13, 2017
                               ___________

Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules  --  recommitted  to
  the  Committee  on  Banks  in accordance with Senate Rule 6, sec. 8 --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN  ACT  to  amend  the  financial services law, in relation to a public
  education program about the rights of consumers

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

  Section 1. The financial services law is amended by adding a new arti-
cle 7 to read as follows:
                                ARTICLE 7
                CREDIT REPORTING RIGHTS OUTREACH PROGRAM
SECTION 701. CREDIT REPORTING RIGHTS OUTREACH PROGRAM ESTABLISHED.
  S  701.    CREDIT  REPORTING  RIGHTS OUTREACH PROGRAM ESTABLISHED. (A)
THERE IS HEREBY ESTABLISHED WITHIN THE  DEPARTMENT  A  CREDIT  REPORTING
RIGHTS  OUTREACH PROGRAM TO EDUCATE THE PUBLIC ABOUT THE RIGHTS OF CITI-
ZENS OF THE STATE OF NEW YORK UNDER THE FEDERAL EQUAL CREDIT OPPORTUNITY
ACT.
  (B) THE SUPERINTENDENT SHALL SUBMIT ON OR BEFORE DECEMBER  FIRST  NEXT
SUCCEEDING THE EFFECTIVE DATE OF THIS SECTION AND ANNUALLY THEREAFTER, A
REPORT  TO  THE GOVERNOR AND THE LEGISLATURE CONCERNING THE OPERATION OF
THE CREDIT REPORTING RIGHTS PROGRAM. COMMENCING IN THE  YEAR  AFTER  THE
FIRST YEAR OF SUCH PROGRAM, SUCH REPORTS SHALL INCLUDE THE EXPERIENCE OF
THE  PROGRAM  IN  PROVIDING  OUTREACH AND EDUCATION TO THE PUBLIC ON THE
ISSUE OF THE RIGHTS OF CITIZENS OF THE  STATE  OF  NEW  YORK  UNDER  THE
FEDERAL EQUAL CREDIT OPPORTUNITY ACT.
  S  2.  This  act shall take effect on the ninetieth day after it shall
have become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13606-02-8

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