Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to banks |
Jan 07, 2011 |
referred to banks |
Senate Bill S1494
2011-2012 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - In Senate Committee Banks 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
(D, WF) Senate District
(D, WF) 28th Senate District
(D, WF) Senate District
2011-S1494 (ACTIVE) - Details
2011-S1494 (ACTIVE) - Summary
Requires lending institutions that send unsolicited mail-loan checks to clearly state in solicitation letter the interest rate to be applied to such loan and to demonstrate the total cost of loan in a dollar amounts, at interest rate, over periods of six months, one year, and three years.
2011-S1494 (ACTIVE) - Sponsor Memo
BILL NUMBER:S1494 TITLE OF BILL: An act to amend the education law, the insurance law and the public health law, in relation to providing for dispensing emergency contraception under certain conditions PURPOSE OR GENERAL IDEA OF BILL: This legislation will help to reduce the number of unintended pregnancies by increasing access to emergency contraception for women in New York. State. SUMMARY OF SPECIFIC PROVISIONS: Section one provides that this act shall be cited as the "unintended pregnancy prevention act." Section two describes legislative findings. Section three three amends subdivision six of section 6527 of the education law and provides that a licensed physician may prescribe and order a non-patient specific regimen to a registered professional nurse for emergency contraception, to be administered to or dispense to be self-administered by the patient. Section three also provides
2011-S1494 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1494 2011-2012 Regular Sessions I N S E N A T E January 7, 2011 ___________ Introduced by Sens. PARKER, DUANE, KRUEGER, PERKINS -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend the banking law, in relation to full disclosure of interest rate on unsolicited mail-loan checks THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 of section 9-t of the banking law, as added by chapter 309 of the laws of 2002, is amended to read as follows: 2. Any lending institution which issues mail-loan checks shall: (a) include on the face of each check issued to a non-customer a writ- ten statement, in legible type reading "ONE FORM OF VALID PHOTOGRAPHIC ID NEEDED TO CASH OR DEPOSIT"; provided, however, that any entity cash- ing or accepting a mail-loan check for deposit may require more than one form of identification; (b) make no reference on the outside of the envelope containing a mail-loan check that indicates that a check is enclosed within such envelope; (c) provide that all mail-loan checks shall be non-transferable; [and] (d) include an expiration date of not more than six months on the mail-loan check; AND (E) PROVIDE IN LEGIBLE TYPE ON THE FRONT PAGE OF THE SOLICITATION LETTER, THE INTEREST RATE OR RATES TO BE APPLIED TO SUCH LOAN, AND PROVIDE A TABLE DEMONSTRATING THE TOTAL COST OF SUCH LOAN AT INCREMENTAL DOLLAR AMOUNTS, AT THE OFFERED INTEREST RATE, OVER INCREMENTAL PERIODS OF TIME OF SIX MONTHS, ONE YEAR, AND THREE YEARS. S 2. This act shall take effect on the sixtieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01443-01-1
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