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A07558 Summary:

BILL NO    A07558A

SAME AS    SAME AS S04398-A

SPONSOR    Weinstein

COSPNSR    Wright, Colton, Jaffee, Boyland, Millman, Titus, Gibson, DenDekker,
           Englebright

MLTSPNSR   Cymbrowitz, Perry

Amd SS213, 3012, & 3215, amd RR3016 & 3211, add SS214-f, 306-c & 7515, CPLR

Enacts the "consumer credit fairness act"; establishes a 3 year statute of
limitations for commencement of a cause of action arising out of a consumer
credit transaction where the defendant is a purchaser, borrower or debtor;
establishes a notice of lawsuit which must be mailed to the defendant in such a
cause of action; establishes certain requirements for the complaint in such an
action; provides for arbitration of such actions.
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