Senate Bill S3231A

2013-2014 Legislative Session

Prohibits late charges on credit cards in certain instances

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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

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Bill Amendments

2013-S3231 - Details

Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Add §520-e, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2009-2010: S1917
2011-2012: S3397

2013-S3231 - Summary

Prohibits late charges on credit cards where the holder of the credit card makes a payment within ten days of the payment due date.

2013-S3231 - Sponsor Memo

2013-S3231 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3231

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 31, 2013
                               ___________

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.
                                                           LBD06873-01-3

2013-S3231A (ACTIVE) - Details

Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Add §520-e, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2009-2010: S1917
2011-2012: S3397

2013-S3231A (ACTIVE) - Summary

Prohibits late charges on credit cards where the holder of the credit card makes a payment within ten days of the payment due date.

2013-S3231A (ACTIVE) - Sponsor Memo

2013-S3231A (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3231--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 31, 2013
                               ___________

Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
  printed to be committed to the Committee  on  Consumer  Protection  --
  recommitted to the Committee on Consumer Protection in accordance with
  Senate  Rule  6, sec. 8 -- committee discharged, bill amended, ordered
  reprinted as amended and recommitted to said committee

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-e to read as follows:
  S 520-E. 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.
                                                           LBD06873-02-4

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