Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 22, 2020 |
referred to consumer affairs and protection delivered to assembly passed senate |
Jul 21, 2020 |
ordered to third reading cal.809 |
Jul 20, 2020 |
reported and committed to rules |
Jul 08, 2020 |
print number 7104a |
Jul 08, 2020 |
amend and recommit to consumer protection |
Jan 08, 2020 |
referred to consumer protection |
Senate Bill S7104A
2019-2020 Legislative Session
Sponsored By
(D, WF) 37th 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, WF) 31st Senate District
(D, WF) 28th Senate District
(D) 20th Senate District
(D, WF) 18th Senate District
2019-S7104 - Details
2019-S7104 - Summary
Relates to establishing a set grace period for the use of credit card reward points when an account is modified, cancelled, closed or terminated; ninety days shall be provided for the use of such points from the date notice of modification, cancellation, or termination of the card is provided.
2019-S7104 - Sponsor Memo
BILL NUMBER: S7104 SPONSOR: MAYER TITLE OF BILL: An act to amend the general business law, in relation to establishing a set grace period for the use of credit card reward points PURPOSE OR GENERAL IDEA OF BILL: The purpose of this legislation is to protect credit card holders from the unmerited cancellation of their reward points by creating a grace period for the use of reward points after the closing of a credit card account. SUMMARY OF PROVISIONS: Section 1 adds a new section 520-e to the general business law to: (1) define certain terms related to credit card rewards programs;
2019-S7104 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7104 I N S E N A T E (PREFILED) January 8, 2020 ___________ Introduced by Sen. MAYER -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to establishing a set grace period for the use of credit card reward points THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new section 520-e to read as follows: § 520-E. GRACE PERIOD FOR USE OF CREDIT CARD REWARD POINTS. 1. AS USED IN THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "CREDIT CARD POINTS" OR "POINTS" SHALL MEAN DENOMINATED UNITS THAT CAN BE ACCUMULATED IN AN ACCOUNT IN CONNECTION WITH A CREDIT CARD REWARD, LOYALTY, OR OTHER INCENTIVE PROGRAM, OFTEN REFERRED TO AS POINTS OR FOR CERTAIN TRAVEL-RELATED REWARDS AS MILES, WHICH ARE REDEEMABLE, FUNGIBLE, OR OTHERWISE EXCHANGEABLE, IN WHOLE OR IN PART, FOR REWARDS; (B) "REWARDS" SHALL MEAN GOODS, SERVICES, CASH, MERCHANT-SPECIFIC GIFT CARDS, TRAVEL BENEFITS, OR ONE OR MORE OTHER THINGS OF VALUE; AND (C) "REWARDS PROGRAM" SHALL MEAN ANY AGREEMENT BETWEEN A HOLDER AND AN ISSUER OR BETWEEN A HOLDER AND A THIRD-PARTY REGARDING POINTS RELATED TO AN ACCOUNT. 2. IF ANY CREDIT CARD ACCOUNT OR REWARDS PROGRAM IS MODIFIED, CANCELLED, CLOSED OR TERMINATED, THE HOLDER MUST RECEIVE NOTICE FROM THE ISSUER OF SUCH CANCELLATION, CLOSURE, TERMINATION OR MODIFICATION AS SOON AS POSSIBLE, AND IN ANY EVENT WITHIN FIFTEEN DAYS OF SUCH CANCELLA- TION, CLOSURE, TERMINATION OR MODIFICATION. BEGINNING WITH THE DATE ON WHICH NOTICE IS SENT, THE HOLDER SHALL HAVE NINETY DAYS TO REDEEM, EXCHANGE, OR OTHERWISE USE ANY CREDIT CARD POINTS THAT THE HOLDER ACCU- MULATED AT THE TIME OF SUCH MODIFICATION, CANCELLATION, CLOSURE, OR TERMINATION AS PERMITTED UNDER THE TERMS OF THE AGREEMENT OR AGREEMENTS BETWEEN THE HOLDER AND THE ISSUER, AND THE HOLDER AND ANY THIRD-PARTY WHICH IS SERVICING THE APPLICABLE CREDIT CARD ACCOUNT OR RELATED REWARDS PROGRAM, SUBJECT TO THE AVAILABILITY OF REWARDS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
co-Sponsors
(D, WF) 31st Senate District
(D, WF) 28th Senate District
(D) 16th Senate District
(D) 20th Senate District
2019-S7104A (ACTIVE) - Details
2019-S7104A (ACTIVE) - Summary
Relates to establishing a set grace period for the use of credit card reward points when an account is modified, cancelled, closed or terminated; ninety days shall be provided for the use of such points from the date notice of modification, cancellation, or termination of the card is provided.
2019-S7104A (ACTIVE) - Sponsor Memo
BILL NUMBER: S7104A SPONSOR: MAYER TITLE OF BILL: An act to amend the general business law, in relation to establishing a set grace period for the use of credit card reward points PURPOSE OR GENERAL IDEA OF BILL: The purpose of this legislation is to protect credit card holders from the unmerited cancellation of their reward points by creating a grace period for the use of reward points after the closing of a credit card account. SUMMARY OF PROVISIONS: Section 1 adds a new section 520-e to the general business law to: (1) define certain terms related to credit card rewards programs;
2019-S7104A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7104--A I N S E N A T E (PREFILED) January 8, 2020 ___________ Introduced by Sens. MAYER, JACKSON, KRUEGER, MYRIE, SALAZAR -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the general business law, in relation to establishing a set grace period for the use of credit card reward points THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new section 520-e to read as follows: § 520-E. GRACE PERIOD FOR USE OF CREDIT CARD REWARD POINTS. 1. AS USED IN THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "CREDIT CARD POINTS" OR "POINTS" SHALL MEAN DENOMINATED UNITS THAT CAN BE ACCUMULATED IN AN ACCOUNT IN CONNECTION WITH A CREDIT CARD REWARD, LOYALTY, OR OTHER INCENTIVE PROGRAM, OFTEN REFERRED TO AS POINTS OR FOR CERTAIN TRAVEL-RELATED REWARDS AS MILES, WHICH ARE REDEEMABLE, FUNGIBLE, OR OTHERWISE EXCHANGEABLE, IN WHOLE OR IN PART, FOR REWARDS; (B) "REWARDS" SHALL MEAN GOODS, SERVICES, CASH, MERCHANT-SPECIFIC GIFT CARDS, TRAVEL BENEFITS, OR ONE OR MORE OTHER THINGS OF VALUE; AND (C) "REWARDS PROGRAM" SHALL MEAN ANY AGREEMENT BETWEEN A HOLDER AND AN ISSUER REGARDING POINTS RELATED TO AN ACCOUNT. 2. IF ANY CREDIT CARD ACCOUNT OR REWARDS PROGRAM IS MODIFIED, CANCELLED, CLOSED OR TERMINATED, THE HOLDER MUST RECEIVE NOTICE FROM THE ISSUER OF SUCH CANCELLATION, CLOSURE, TERMINATION OR MODIFICATION AS SOON AS POSSIBLE, AND IN ANY EVENT WITHIN FIFTEEN DAYS OF SUCH CANCELLA- TION, CLOSURE, TERMINATION OR MODIFICATION. BEGINNING WITH THE DATE ON WHICH NOTICE IS SENT, THE HOLDER SHALL HAVE NINETY DAYS TO REDEEM, EXCHANGE, OR OTHERWISE USE ANY CREDIT CARD POINTS THAT THE HOLDER ACCU- MULATED AT THE TIME OF SUCH MODIFICATION, CANCELLATION, CLOSURE, OR TERMINATION AS PERMITTED UNDER THE TERMS OF THE AGREEMENT OR AGREEMENTS BETWEEN THE HOLDER AND THE ISSUER WHICH IS SERVICING THE APPLICABLE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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