Assembly Bill A1476

2021-2022 Legislative Session

Establishes a taxi industry predatory lending task force to study and analyze predatory lending practices affecting the taxi industry in the state

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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

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2021-A1476 (ACTIVE) - Details

Current Committee:
Assembly Banks
Law Section:
Financial Services
Versions Introduced in 2019-2020 Legislative Session:
A8587

2021-A1476 (ACTIVE) - Summary

Establishes a taxi industry predatory lending task force to study and analyze predatory lending practices affecting the taxi industry in the state.

2021-A1476 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1476
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 11, 2021
                                ___________
 
 Introduced by M. of A. REYES, GOTTFRIED, JACOBSON, McDONOUGH, DeSTEFANO,
   EPSTEIN,  WILLIAMS, SIMON, RODRIGUEZ, DE LA ROSA, BARRON, TAYLOR, NIOU
   -- Multi-Sponsored by -- M. of A. COOK -- read once  and  referred  to
   the Committee on Banks
 
 AN  ACT  to  establish a taxi industry predatory lending task force; and
   providing for the repeal of such provisions upon expiration thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  There  is  hereby established the taxi industry predatory
 lending task force. The purpose of such  task  force  is  to  study  and
 analyze  predatory  lending practices affecting the taxi industry in the
 state.
   § 2. The taxi industry predatory lending task force shall  consist  of
 10 members and shall include: the state comptroller or his or her desig-
 nee,  the  superintendent  of financial services or his or her designee,
 the chairs and ranking minority  members  of  the  senate  and  assembly
 committees on transportation or their designees, and 4 members appointed
 by  the  governor from the taxi industry. All appointments of members of
 the taxi industry predatory lending task force shall be  made  no  later
 than thirty days after the effective date of this act.
   §  3.  The superintendent of financial services shall be designated as
 the chairperson of the taxi industry predatory lending task  force.  The
 members  of  the  taxi industry predatory lending task force shall serve
 without compensation, except that members shall be allowed their  neces-
 sary  and  actual  expenses  incurred in the performance of their duties
 under this act.
   § 4. The taxi industry predatory lending  task  force  shall  issue  a
 report  of  its findings and recommendations to the governor, the tempo-
 rary president of the senate and the speaker of the  assembly  no  later
 than one year from the effective date of this act.
   §  5.  This  act shall take effect immediately and shall expire and be
 deemed repealed two years after such effective date.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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