Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 10, 2021 |
signed chap.667 |
Nov 29, 2021 |
delivered to governor |
Jun 09, 2021 |
returned to senate passed assembly |
Jun 07, 2021 |
ordered to third reading rules cal.442 substituted for a5698b |
Jun 07, 2021 |
substituted by s133b rules report cal.442 reported |
Jun 01, 2021 |
amend and recommit to rules 5698b |
May 25, 2021 |
reported referred to rules |
May 19, 2021 |
print number 5698a |
May 19, 2021 |
amend and recommit to consumer affairs and protection |
Feb 24, 2021 |
referred to consumer affairs and protection |
Assembly Bill A5698B
Signed By Governor2021-2022 Legislative Session
Sponsored By
ROZIC
Archive: Last Bill Status Via S133 - Signed by Governor
- 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
2021-A5698 - Details
2021-A5698 - 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; provides 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.
2021-A5698 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5698 2021-2022 Regular Sessions I N A S S E M B L Y February 24, 2021 ___________ Introduced by M. of A. ROZIC -- read once and referred to the Committee on Consumer Affairs and 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 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 CREDIT CARD ACCOUNT OR RELATED REWARDS PROGRAM, SUBJECT TO THE AVAIL- ABILITY OF REWARDS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2021-A5698A - Details
2021-A5698A - 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; provides 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.
2021-A5698A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5698--A 2021-2022 Regular Sessions I N A S S E M B L Y February 24, 2021 ___________ Introduced by M. of A. ROZIC -- read once and referred to the Committee on Consumer Affairs and 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 BE PROVIDED NOTICE FROM THE ISSUER OF SUCH CANCELLATION, CLOSURE, TERMINATION OR MODIFICATION AS SOON AS POSSIBLE, AND IN ANY EVENT WITHIN FORTY-FIVE DAYS OF SUCH CANCELLATION, 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 HOLD- ER ACCUMULATED AT THE TIME OF SUCH MODIFICATION, CANCELLATION, CLOSURE, OR TERMINATION AS PERMITTED UNDER THE TERMS OF THE AGREEMENT OR AGREE- MENTS BETWEEN THE HOLDER AND THE ISSUER WHICH IS SERVICING THE APPLICA- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2021-A5698B (ACTIVE) - Details
2021-A5698B (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; provides 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.
2021-A5698B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5698--B 2021-2022 Regular Sessions I N A S S E M B L Y February 24, 2021 ___________ Introduced by M. of A. ROZIC -- read once and referred to the Committee on Consumer Affairs and Protection -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- reported and referred to the Committee on Rules -- Rules Committee discharged, bill amended, ordered reprinted as amended and recommitted to the Committee on Rules 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; (C) "REWARDS PROGRAM" SHALL MEAN ANY AGREEMENT BETWEEN A HOLDER AND AN ISSUER REGARDING POINTS RELATED TO AN ACCOUNT; AND (D) "MODIFIED" OR "MODIFICATION" SHALL MEAN A CHANGE THAT HAS THE EFFECT OF ELIMINATING POINTS, REDUCING THE VALUE OF POINTS, AFFECTING THE ABILITY OF A HOLDER TO ACCUMULATE POINTS, LIMITING OR REDUCING REWARDS AVAILABILITY, LIMITING A HOLDER'S USE OF POINTS OR THE CREDIT CARD ACCOUNT, OTHERWISE DIMINISHING THE VALUE OF THE REWARDS PROGRAM OR THE CREDIT CARD ACCOUNT TO THE HOLDER OR CHANGING THE OBLIGATIONS OF THE HOLDER WITH RESPECT TO THE REWARDS PROGRAM OR CREDIT CARD ACCOUNT. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02666-05-1
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