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Assembly Bill A5125

2021-2022 Legislative Session

Provides that no issuer of a credit card shall send unsolicited, blank checks to a card member residing in New York state

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Archive: Last Bill Status - In Assembly Committee

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2021-A5125 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
General Business Law
Laws Affected:
Amd §520, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2687
2011-2012: A2181
2013-2014: A2760, A8423
2015-2016: A1653
2017-2018: A2245
2019-2020: A4313
2023-2024: A2694

2021-A5125 (ACTIVE) - Summary

Provides that no issuer of a credit card shall send unsolicited, blank checks to a credit card member residing in New York state.

2021-A5125 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5125
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 11, 2021
                                ___________
 
 Introduced  by  M.  of  A.  MONTESANO,  GOODELL, HAWLEY -- read once and
   referred to the Committee on Corporations, Authorities and Commissions
 
 AN ACT to amend the general business law, in relation to the unsolicited
   sending of blank checks by issuers of credit cards
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  520  of  the  general business law is amended by
 adding a new subdivision 10 to read as follows:
   (10) NO ISSUER OF A CREDIT CARD SHALL SEND UNSOLICITED,  BLANK  CHECKS
 TO A CARD MEMBER RESIDING IN NEW YORK STATE.
   §  2.  This  act  shall take effect on the sixtieth day after it shall
 have become a law.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08619-01-1

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