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Assembly Bill A10261

2019-2020 Legislative Session

Relates to suspending certain payments for ninety days in response to the outbreak of coronavirus disease 2019 (COVID-19)

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Archive: Last Bill Status - In Assembly Committee

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2019-A10261 (ACTIVE) - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business

2019-A10261 (ACTIVE) - Summary

Suspends all student loan, mortgage, auto loan, credit card, and utility payments for ninety days in response to the outbreak of coronavirus disease 2019 (COVID-19).

2019-A10261 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10261
 
                           I N  A S S E M B L Y
 
                               April 8, 2020
                                ___________
 
 Introduced  by M. of A. ORTIZ -- read once and referred to the Committee
   on Consumer Affairs and Protection
 
 AN ACT to suspend certain payments for ninety days in  response  to  the
   outbreak of coronavirus disease 2019 (COVID-19)
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. (a) Notwithstanding any other provision  of  law,  rule  or
 regulation  to  the  contrary, all residents of the state shall have all
 student loan, mortgage, auto loan, credit  card,  and  utility  payments
 suspended for ninety days following the effective date of this act. Late
 fees shall not be collectable for any such suspended payment.
   (b)  No  creditor shall report any new adverse information relative to
 any payment or non-payment of consumer debt  or  other  financial  obli-
 gations suspended pursuant to the provisions of this act.
   ยง 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD16091-01-0

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