Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 16, 2010 |
held for consideration in consumer affairs and protection |
Jan 06, 2010 |
referred to consumer affairs and protection |
Mar 02, 2009 |
referred to consumer affairs and protection |
Assembly Bill A6313
2009-2010 Legislative Session
Sponsored By
MILLER J
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
David Townsend
multi-Sponsors
Teresa Sayward
2009-A6313 (ACTIVE) - Details
- Current Committee:
- Assembly Consumer Affairs And Protection
- Law Section:
- General Business Law
- Laws Affected:
- Add ยง349-d, Gen Bus L
- Versions Introduced in 2011-2012 Legislative Session:
-
A7158
2009-A6313 (ACTIVE) - Summary
Adds provisions dealing with deceptive acts and practices in connection with the charging of interest or payments for goods or services; provides that in contracts for the sale of goods or rendition of services offering interest free financing if payment is made in whole or in installments by a specified date, no finance charge or interest may be charged until after the date specified for completion of payment is passed and until written notice thereof is given to the obligor (consumer).
2009-A6313 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6313 2009-2010 Regular Sessions I N A S S E M B L Y March 2, 2009 ___________ Introduced by M. of A. MILLER, TOWNSEND -- Multi-Sponsored by -- M. of A. SAYWARD -- read once and referred to the Committee on Consumer Affairs and Protection AN ACT to amend the general business law, in relation to deceptive acts and practices in connection with interest charges on payments for the sale of goods or rendition of services THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new section 349-d to read as follows: S 349-D. DECEPTIVE ACTS AND PRACTICES IN CONNECTION WITH THE CHARGING OF INTEREST ON PAYMENTS FOR GOODS OR SERVICES. IN ANY CONTRACT PROVID- ING: (A) THAT THE PRICE OF ANY GOODS AND/OR SERVICES MAY BE PAID IN INSTALLMENTS OR IN WHOLE AT SOME FUTURE DATE AND (B) THAT NO INTEREST, FINANCE CHARGE, OR OTHER SUCH CHARGE SHALL BE REQUIRED IF PAYMENT IS MADE BY A SPECIFIED FUTURE DATE, NO INTEREST, FINANCE CHARGE, OR OTHER SUCH CHARGE SHALL BE CHARGED, LEVIED, DEMANDED, OR COLLECTED, AND NONE SHALL ACCRUE IF PAYMENT IS MADE IN FULL BY THE SPECIFIED DATE. IF PAYMENT IS NOT MADE BY SUCH DATE, ONLY THEN AND ONLY AFTER THE GIVING OF WRITTEN NOTICE TO THE OBLIGOR MAY ANY INTEREST, FINANCE CHARGE, OR OTHER SUCH CHARGE BE CHARGED, LEVIED, DEMANDED, OR COLLECTED. S 2. This act shall take effect on the ninetieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09520-01-9
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