Assembly Bill A3055

2021-2022 Legislative Session

Includes medical services, student loans, auto loans and retail installment contracts in the definition of consumer credit transaction

download bill text pdf

Sponsored By

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

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2021-A3055 (ACTIVE) - Details

See Senate Version of this Bill:
S915
Current Committee:
Assembly Judiciary
Law Section:
Civil Practice Law and Rules
Laws Affected:
Amd §105, CPLR
Versions Introduced in Other Legislative Sessions:
2019-2020: A10767, S8754
2023-2024: A6672, S586

2021-A3055 (ACTIVE) - Summary

Includes medical services, student loans, auto loans and retail installment contracts in the definition of "consumer credit transaction".

2021-A3055 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3055
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2021
                                ___________
 
 Introduced  by M. of A. EPSTEIN -- read once and referred to the Commit-
   tee on Judiciary
 
 AN ACT to amend the civil practice law and rules, in relation to includ-
   ing medical services, student loans, auto loans and retail installment
   contracts in the definition of "consumer credit transaction"

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  (f) of section 105 of the civil practice law
 and rules, as amended by chapter 238 of the laws of 1973, is amended  to
 read as follows:
   (f)  Consumer  credit  transaction.  The  term "consumer credit trans-
 action" means a transaction wherein credit is extended to an  individual
 and  the  money, property, or service which is the subject of the trans-
 action is primarily for personal,  family  or  household  purposes.    A
 CONSUMER  CREDIT  TRANSACTION INCLUDES DEBT INCURRED IN CONNECTION WITH,
 AMONG OTHERS, MEDICAL SERVICES, STUDENT LOANS WHETHER OWED TO THE  STATE
 OF NEW YORK OR OTHERWISE, AUTO LOANS AND RETAIL INSTALLMENT CONTRACTS.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03123-01-1

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