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NY A06284

Bill

Status

Introduced

3/1/2017

Primary Sponsor

Rebecca Seawright

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Extends the expiration date of Chapter 223 of the Laws of 1996 (relating to permissible fees for open-end loans) from June 30, 2017 to June 30, 2019
  • Allows amendments made to the banking law regarding open-end loan fees to remain in effect for an additional two years
  • Upon the new expiration date of June 30, 2019, the amendments shall expire and revert to their previous legal text
  • Takes effect immediately upon enactment

Legislative Description

Extends the effectiveness of certain provisions relating to permissible fees in connection with open end loans.

Last Action

substituted by s4998

5/3/2017

Committee Referrals

Banks3/1/2017

Full Bill Text

No bill text available