Legislation

* § 604-ee. Right of action against person who causes another to incur
coerced debt. A person shall not cause another person to incur a coerced
debt. 1. A person who causes another person to incur a coerced debt in
violation of this section shall be civilly liable to the creditor and/or
the debtor in whose name such coerced debt was incurred if such debtor
has already paid all or part of such coerced debt, for the amount of
such debt, or portion thereof, including for any deficiency after the
foreclosure, repossession or surrender and disposition of the subject
collateral of a secured debt, determined by the court to be a coerced
debt, as well as such creditor's and/or debtor's costs and attorneys'
fees reasonably incurred in bringing the action.

2. An action under this section shall be commenced within three years
of the later of: (a) the creditor's determination that all or part of
such debt is coerced debt; or (b) a court's determination that all or
part of such debt is coerced debt.

* NB Effective June 17, 2026