Assembly Bill A6284

Signed By Governor
2017-2018 Legislative Session

Extends the effectiveness of certain provisions relating to permissible fees in connection with open end loans

download bill text pdf

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Archive: Last Bill Status Via S4998 - Signed by Governor

  • 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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2017-A6284 (ACTIVE) - Details

See Senate Version of this Bill:
S4998
Law Section:
Banking Law
Laws Affected:
Amd §3, Chap 223 of 1996

2017-A6284 (ACTIVE) - Summary

Extends the effectiveness of certain provisions relating to permissible fees in connection with open end loans.

2017-A6284 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6284
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               March 1, 2017
                                ___________
 
 Introduced  by  M.  of  A.  SEAWRIGHT  --  read once and referred to the
   Committee on Banks
 
 AN ACT to amend chapter 223 of the laws of 1996,  amending  the  banking
   law relating to permissible fees in connection with open end loans, in
   relation to extending the effectiveness thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 3 of chapter 223 of the laws of 1996, amending  the
 banking  law  relating  to  permissible fees in connection with open end
 loans, as amended by chapter 31 of the laws of 2015, is amended to  read
 as follows:
   §  3. This act shall take effect immediately, and remain in full force
 and effect until June 30, [2017] 2019, when, upon such date, the  amend-
 ments  made  by  this  act  shall expire and be deemed repealed, and the
 provisions of law amended by this act shall revert to their text and  be
 read as they were immediately prior to the effective date of this act.
   § 2. This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10056-01-7

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