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NY A07332
Bill
Status
6/11/2014
Primary Sponsor
Robert Rodriguez
Click for details
AI Summary
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Department of Financial Services is directed to examine, evaluate, and make recommendations regarding licensure, fee/interest limits, and disclosure practices for businesses providing pension loan advancements
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Department must hold public hearings during the course of its examination and evaluation
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Department must submit a report by January 1, 2015 to the Superintendent of Financial Services, Governor, and Legislature containing findings, conclusions, recommendations, and any necessary legislative and regulatory proposals
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Act takes effect immediately upon enactment
Legislative Description
Directs the department of financial services to study, evaluate and make recommendations concerning licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements.
Last Action
REFERRED TO FINANCE
6/11/2014