Assembly Bill A7172

Signed By Governor
2023-2024 Legislative Session

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

download bill text pdf

Sponsored By

Current 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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2023-A7172 (ACTIVE) - Details

See Senate Version of this Bill:
S6920
Law Section:
Banking Law
Laws Affected:
Amd §3, Chap 223 of 1996

2023-A7172 (ACTIVE) - Summary

Extends the effectiveness of provisions of law relating to permissible fees in connection with open end loans from June 30, 2023 until June 30, 2025.

2023-A7172 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7172
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 12, 2023
                                ___________
 
 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 201 of the laws of 2021, is amended to read
 as follows:
   § 3. This act shall take effect immediately, and remain in full  force
 and  effect until June 30, [2023] 2025, 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 ments made by this act shall expire and  be  deemed  repealed,  and  the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.
                                                            LBD11359-01-3

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