Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 21, 2020 |
referred to banks delivered to assembly passed senate |
Jan 22, 2020 |
advanced to third reading |
Jan 21, 2020 |
2nd report cal. |
Jan 15, 2020 |
1st report cal.176 |
Jan 08, 2020 |
referred to banks returned to senate died in assembly |
Mar 20, 2019 |
referred to banks delivered to assembly passed senate |
Mar 04, 2019 |
advanced to third reading |
Feb 28, 2019 |
2nd report cal. |
Feb 27, 2019 |
1st report cal.182 |
Feb 20, 2019 |
print number 2106a |
Feb 20, 2019 |
amend and recommit to banks |
Jan 22, 2019 |
referred to banks |
Senate Bill S2106A
2019-2020 Legislative Session
Sponsored By
(D) 10th Senate District
Archive: Last Bill Status - In Assembly Committee
- 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
co-Sponsors
(D) 32nd Senate District
2019-S2106 - Details
2019-S2106 - Sponsor Memo
BILL NUMBER: S2106 SPONSOR: SANDERS TITLE OF BILL: An act to amend the banking law, in relation to requiring banks to disclose any negative consequences an alternative loan payment schedule may have on credit scores PURPOSE: This bill would require banks to inform customers of any consequences to their credit score when the bank has agreed to an alternative payment schedule. SUMMARY OF PROVISIONS: Amends section 129-a of the banking law to require the disclosure of negative consequences an alternative payment schedule, agreed to by a bank or trust company, would have on a customer's credit rating. Such disclosure shall be provided at the time a loan is granted.
2019-S2106 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2106 2019-2020 Regular Sessions I N S E N A T E January 22, 2019 ___________ Introduced by Sens. SANDERS, SEPULVEDA -- read twice and ordered print- ed, and when printed to be committed to the Committee on Banks AN ACT to amend the banking law, in relation to requiring banks to disclose any negative consequences an alternative loan payment sched- ule may have on credit scores THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The banking law is amended by adding a new section 129-a to read as follows: § 129-A. REQUIREMENT OF DISCLOSURE; ALTERNATIVE PAYMENT SCHEDULES. IN THE EVENT THAT ANY BANK OR TRUST COMPANY SHALL PERMIT A CUSTOMER TO ESTABLISH AN ALTERNATIVE PAYMENT SCHEDULE FOR AN EXISTING LOAN, THE BANK OR TRUST COMPANY SHALL PROVIDE WRITTEN DISCLOSURE OF ANY NEGATIVE CONSE- QUENCES SUCH ALTERNATIVE PAYMENT SCHEDULE MAY HAVE ON SUCH CUSTOMER'S CREDIT SCORE OR RATING. SUCH DISCLOSURE SHALL BE PROVIDED AT THE TIME A LOAN IS GRANTED. § 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. LBD00597-02-9
co-Sponsors
(D) 16th Senate District
(D) 32nd Senate District
2019-S2106A (ACTIVE) - Details
2019-S2106A (ACTIVE) - Sponsor Memo
BILL NUMBER: S2106A SPONSOR: SANDERS TITLE OF BILL: An act to amend the banking law, in relation to requiring banks to disclose any negative consequences an alternative loan payment schedule may have on credit scores PURPOSE: This bill would require banks to inform customers of any consequences to their credit score when the bank has agreed to an alternative payment schedule. SUMMARY OF PROVISIONS: Amends section 129-a of the banking law to require the disclosure of negative consequences an alternative payment schedule, agreed to by a bank or trust company, would have on a customer's credit rating. Such disclosure shall be provided at the time a loan is granted.
2019-S2106A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2106--A 2019-2020 Regular Sessions I N S E N A T E January 22, 2019 ___________ Introduced by Sens. SANDERS, SEPULVEDA -- read twice and ordered print- ed, and when printed to be committed to the Committee on Banks -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the banking law, in relation to requiring banks to disclose any negative consequences an alternative loan payment sched- ule may have on credit scores THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The banking law is amended by adding a new section 129-a to read as follows: § 129-A. REQUIREMENT OF DISCLOSURE; ALTERNATIVE PAYMENT SCHEDULES. IN THE EVENT THAT ANY BANK OR TRUST COMPANY SHALL PERMIT A CUSTOMER TO ESTABLISH AN ALTERNATIVE PAYMENT SCHEDULE FOR AN EXISTING LOAN, THE BANK OR TRUST COMPANY SHALL PROVIDE WRITTEN DISCLOSURE OF ANY NEGATIVE CONSE- QUENCES SUCH ALTERNATIVE PAYMENT SCHEDULE MAY HAVE ON SUCH CUSTOMER'S CREDIT SCORE OR RATING. SUCH DISCLOSURE SHALL BE PROVIDED AT THE TIME A LOAN APPLICATION IS MADE, AT THE TIME A LOAN IS GRANTED AND AT THE TIME A CUSTOMER REQUESTS THAT AN ALTERNATIVE PAYMENT SCHEDULE BE ESTABLISHED FOR A LOAN, BUT PRIOR TO THE ACTUAL ESTABLISHMENT OF AN ALTERNATIVE PAYMENT SCHEDULE. § 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. LBD00597-04-9
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