Senate Bill S9121

Signed By Governor
2021-2022 Legislative Session

Postpones the effectiveness for grace periods for the use of credit card reward points

download bill text pdf

Sponsored By

Archive: Last Bill Status - 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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2021-S9121 (ACTIVE) - Details

See Assembly Version of this Bill:
A10490
Law Section:
General Business
Laws Affected:
Amd §2, Chap 667 of 2021

2021-S9121 (ACTIVE) - Summary

Postpones the effectiveness for grace periods for the use of credit card reward points for one additional year to December 10, 2023.

2021-S9121 (ACTIVE) - Sponsor Memo

2021-S9121 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9121
 
                             I N  S E N A T E
 
                               May 10, 2022
                                ___________
 
 Introduced  by  Sen.  MAYER  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Consumer Protection
 
 AN ACT to amend chapter 667 of the laws of  2021  amending  the  general
   business  law  relating to establishing a set grace period for the use
   of credit card reward points, in relation to the effectiveness thereof

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Section 2 of chapter 667 of the laws of 2021, amending the
 general business law relating to establishing a set grace period for the
 use of credit card reward points, is amended to read as follows:
   § 2. This act shall take effect [one year] TWO YEARS  after  it  shall
 have become a law, and shall apply to all credit card agreements entered
 into, renewed, modified or amended on or after such effective date.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15765-01-2

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