NY A08587

Establishes a 10-member taxi industry predatory lending task force to study and analyze predatory lending practices affecting the taxi industry in New York State

Task force membership includes the state comptroller or designee, superintendent of financial services or designee, chairs and ranking minority members of senate and assembly transportation committees or their designees, and 4 members appointed by the governor from the taxi industry

Superintendent of financial services designated as chairperson; members serve without compensation but receive reimbursement for necessary and actual expenses

Task force required to issue a report of findings and recommendations to the governor, temporary president of the senate, and speaker of the assembly no later than one year after the act's effective date

Act takes effect immediately and expires and is repealed two years after the effective date