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NY A08409

Bill

Official Source

Status

Passed

6/20/2025

Primary Sponsor

Rebecca Seawright

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Extends the expiration date of banking law provisions governing permissible fees on open end loans from June 30, 2025 to June 30, 2027

  • Amends Chapter 223 of the Laws of 1996, which was previously extended by Chapter 155 of the Laws of 2023

  • Upon the new expiration date of June 30, 2027, the amendments will automatically expire and the law will revert to its pre-1996 text

  • Takes effect immediately upon passage

Legislative Description

Extends the effectiveness of provisions of law relating to permissible fees in connection with open end loans from June 30, 2025 until June 30, 2027.

Last Action

signed chap.144

6/20/2025

Committee Referrals

Banks5/21/2025
Rules5/19/2025
Banks5/14/2025

Full Bill Text

No bill text available