assembly Bill A559

2021-2022 Legislative Session

Relates to prohibiting negative credit reporting on persons affected by the coronavirus

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2021 referred to consumer affairs and protection

Co-Sponsors

Multi-Sponsors

A559 (ACTIVE) - Details

See Senate Version of this Bill:
S775
Law Section:
General Business Law
Laws Affected:
Amd §380-j, Gen Bus L
Versions Introduced in 2019-2020 Legislative Session:
A10183

A559 (ACTIVE) - Summary

Prohibits negative credit reporting on consumers who have suffered financial harm as a result of the declared state of emergency relating to the coronavirus.

A559 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    559
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced  by M. of A. ROZIC, SEAWRIGHT, EPSTEIN, OTIS, SIMON, JACOBSON
   -- Multi-Sponsored by --  M.  of  A.  ENGLEBRIGHT  --  read  once  and
   referred to the Committee on Consumer Affairs and Protection
 
 AN  ACT  to amend the general business law, in relation to prohibiting a
   consumer reporting agency from reporting certain  adverse  information
   during  the state of emergency caused by the novel coronavirus pandem-
   ic; 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. Section 380-j of the general business  law  is  amended  by
 adding a new subdivision (i) to read as follows:
   (I)  (1)  NO  CONSUMER  REPORTING  AGENCY SHALL REPORT ANY NEW ADVERSE
 INFORMATION THAT IS A RESULT OF THE NOVEL  CORONAVIRUS PANDEMIC  (COVID-
 19)  IN  A CONSUMER REPORT PERTAINING TO AN AFFECTED PERSON WHO NOTIFIES
 THE AGENCY PURSUANT TO PARAGRAPH THREE OF THIS SUBDIVISION.
   (2) FOR THE PURPOSES OF THIS SUBDIVISION, THE  FOLLOWING  TERMS  SHALL
 HAVE THE FOLLOWING MEANINGS:
   (I)    "AFFECTED  PERSON"  SHALL  MEAN  A RESIDENT OF NEW YORK WHO HAS
 SUFFERED FINANCIAL HARDSHIP AS A RESULT OF THE NOVEL CORONAVIRUS PANDEM-
 IC (COVID-19);
   (II) "THE NOVEL CORONAVIRUS PANDEMIC (COVID-19)" SHALL  REFER  TO  THE
 PERIOD OF THE STATE OF EMERGENCY DECLARED BY EXECUTIVE ORDER TWO HUNDRED
 TWO  ON  MARCH  SEVENTH,  TWO  THOUSAND  TWENTY AND FOR PURPOSES OF THIS
 SUBDIVISION SHALL INCLUDE A PERIOD OF NINETY DAYS FOLLOWING THE  CONCLU-
 SION OF SUCH STATE OF EMERGENCY;
   (III)  "ADVERSE  INFORMATION THAT IS A RESULT OF THE NOVEL CORONAVIRUS
 PANDEMIC (COVID-19)" SHALL MEAN ANY  ADVERSE  INFORMATION  REGARDING  AN
 AFFECTED  PERSON'S  LATE  PAYMENTS,  DEFAULT, OR NON-PAYMENT OF CONSUMER
 DEBT OR OTHER FINANCIAL OBLIGATIONS, OR A CREDITOR'S EXERCISE  OF  REME-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets