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NY A10490

Bill

Official Source

Status

Introduced

5/27/2022

Primary Sponsor

Nily Rozic

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends chapter 667 of the laws of 2021 to delay the effective date for credit card reward point grace period requirements
  • Changes the implementation timeline from one year to two years after the law becomes effective
  • Applies to all credit card agreements entered into, renewed, modified, or amended on or after the new effective date
  • Postpones enforcement of reward point grace period rules to provide additional time for compliance

Legislative Description

Postpones the effectiveness for grace periods for the use of credit card reward points for one additional year to December 10, 2023.

Last Action

substituted by s9121

6/3/2022

Committee Referrals

Rules6/1/2022
Ways and Means5/27/2022

Full Bill Text

No bill text available