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NY S09121

Bill

Official Source

Status

Passed

8/17/2022

Primary Sponsor

Shelley Mayer

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Amends chapter 667 of the laws of 2021 regarding credit card reward point grace periods
  • Changes the effective date 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 implementation of the grace period requirements by an additional year

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

SIGNED CHAP.545

8/17/2022

Committee Referrals

Ways and Means6/1/2022
Rules5/31/2022
Consumer Affairs and Protection5/10/2022

Full Bill Text

No bill text available