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 referred to consumer affairs and protection returned to assembly repassed senate home rule request |
Jun 01, 2021 |
amended on third reading 133b |
May 24, 2021 |
amended on third reading 133a |
May 24, 2021 |
vote reconsidered - restored to third reading returned to senate recalled from assembly |
May 04, 2021 |
referred to consumer affairs and protection delivered to assembly passed senate |
Apr 28, 2021 |
advanced to third reading |
Apr 27, 2021 |
2nd report cal. |
Apr 26, 2021 |
1st report cal.769 |
Jan 06, 2021 |
referred to consumer protection |
Senate Bill S133
Signed By Governor2021-2022 Legislative Session
Sponsored By
(D, WF) 37th Senate District
Archive: Last Bill Status - 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
co-Sponsors
(D) Senate District
(D, WF) 31st Senate District
(D, WF) 28th Senate District
(D) 16th Senate District
2021-S133 - Details
- Law Section:
- General Business Law
- Laws Affected:
- Add §520-e, Gen Bus L
- Versions Introduced in 2019-2020 Legislative Session:
-
S7104
2021-S133 - 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-S133 - Sponsor Memo
BILL NUMBER: S133 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;
2021-S133 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 133 2021-2022 Regular Sessions I N S E N A T E (PREFILED) January 6, 2021 ___________ Introduced by Sens. MAYER, JACKSON, KRUEGER, LIU, MYRIE, SALAZAR -- 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 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
co-Sponsors
(D) Senate District
(D, WF) 31st Senate District
(D, WF) 28th Senate District
(D) 16th Senate District
2021-S133A - Details
- Law Section:
- General Business Law
- Laws Affected:
- Add §520-e, Gen Bus L
- Versions Introduced in 2019-2020 Legislative Session:
-
S7104
2021-S133A - 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-S133A - Sponsor Memo
BILL NUMBER: S133A 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;
2021-S133A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 133--A Cal. No. 769 2021-2022 Regular Sessions I N S E N A T E (PREFILED) January 6, 2021 ___________ Introduced by Sens. MAYER, GAUGHRAN, JACKSON, KRUEGER, LIU, MANNION, MYRIE, SALAZAR -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, passed by Senate and delivered to the Assembly, recalled, vote reconsidered, restored to third reading, amended and ordered reprinted, retaining its place in the order of third reading 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
co-Sponsors
(D) Senate District
(D, WF) 31st Senate District
(D, WF) 28th Senate District
(D) 16th Senate District
2021-S133B (ACTIVE) - Details
- Law Section:
- General Business Law
- Laws Affected:
- Add §520-e, Gen Bus L
- Versions Introduced in 2019-2020 Legislative Session:
-
S7104
2021-S133B (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-S133B (ACTIVE) - Sponsor Memo
BILL NUMBER: S133B 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;
2021-S133B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 133--B Cal. No. 769 2021-2022 Regular Sessions I N S E N A T E (PREFILED) January 6, 2021 ___________ Introduced by Sens. MAYER, GAUGHRAN, JACKSON, KRUEGER, LIU, MANNION, MYRIE, SALAZAR -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, passed by Senate and delivered to the Assembly, recalled, vote reconsidered, restored to third reading, amended and ordered reprinted, retaining its place in the order of third reading -- again amended and ordered reprinted, retaining its place in the order of third reading 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
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