Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to consumer protection |
Feb 18, 2011 |
referred to consumer protection |
Senate Bill S3397
2011-2012 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - In Senate Committee Consumer Protection 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
2011-S3397 (ACTIVE) - Details
- Current Committee:
- Senate Consumer Protection
- Law Section:
- General Business Law
- Laws Affected:
- Add ยง520-d, Gen Bus L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S1917
2013-2014: S3231
2011-S3397 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3397 TITLE OF BILL: An act to amend the general business law, in relation to prohibiting late charges on credit cards in certain cases PURPOSE: To prohibit the imposition of late charges when a person pays their bill within ten days of the due date. SUMMARY OF PROVISIONS: Adds a new section 520-d to the General Business Law to state that a person shall not be charged a late fee when they pay their credit card bill within 10 days of the due date on the statement. JUSTIFICATION: This bill will provide for a grace period to protect consumers from credit card companies who impose punitive late fees without having provided sufficient time for their customers to pay. LEGISLATIVE HISTORY: 2009-2010: S.1917 - Died in Consumer Protection 2008-2007: S.5065 - Died in Consumer Protection 2008-2007: A.9832 - Died in Consumer Affairs 2006-2005: S.240 - Died in Consumer Protection
2011-S3397 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3397 2011-2012 Regular Sessions I N S E N A T E February 18, 2011 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to prohibiting late charges on credit cards in certain cases 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 520-d to read as follows: S 520-D. PROHIBITION OF LATE CHARGES. ANY PERSON, FIRM, PARTNERSHIP, ASSOCIATION, LIMITED LIABILITY COMPANY OR CORPORATION WHICH ISSUES CRED- IT CARDS SHALL NOT IMPOSE A LATE CHARGE ON SUCH CREDIT CARDS WHEN THE HOLDER OF SUCH CREDIT CARD MAKES A PAYMENT WITHIN TEN DAYS OF THE PAYMENT DUE DATE. S 2. This act shall take effect on the thirtieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09441-01-1
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.