NY S02484

Defines "payment assurance device" as any device installed in a vehicle that can remotely disable the vehicle under the Uniform Commercial Code.

Prohibits lenders from remotely disabling a vehicle to repossess it unless written notice is provided to the debtor via registered or certified mail at least 10 days before the disabling occurs.

Requires notice to specify the method and timetable for remote disabling as agreed upon in the initial contract between consumer and creditor.

Expands record-keeping requirements for creditors sending more than 50 information subpoenas per month, with records to be maintained for five years.

Establishes civil penalties of up to $50 per subpoena (maximum $5,000 per violation) for failure to maintain required records, enforceable by the attorney general.