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NY S09583
Bill
Status
Introduced
10/24/2022
Primary Sponsor
Zellnor Myrie
Click for details
AI Summary
- Amends General Business Law by adding section 520-f requiring credit card issuers to provide written notice before closing a cardholder's account
- Notice must be delivered via email, text message, or written letter
- Violating the notice requirement constitutes a violation under General Business Law
- Takes effect immediately upon enactment
Legislative Description
Requires issuers of credit cards to give the cardholder at least 45 days written notice via email, text message, or written letter before closing the cardholder's account.
Last Action
REFERRED TO RULES
10/24/2022
Committee Referrals
Rules10/24/2022
Full Bill Text
No bill text available