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A06511 Summary:

BILL NOA06511
 
SAME ASNo Same As
 
SPONSORMorelle
 
COSPNSRRodriguez, Crespo, Lupardo, Galef, McDonald, Mosley, Hikind, Stirpe, Jaffee, Perry, Jean-Pierre, Sepulveda, Bichotte, Cook, Hooper, Blake
 
MLTSPNSRHevesi, Magee, Simon
 
Add Art 8-B 339-a - 339-h, Bank L
 
Enacts the "credit creation pilot program act of New York"; directs the superintendent of financial services to create and implement such act; defines terms; provides that a program licensee may not offer or make a program loan or impose any charges or fees without prior approval from the superintendent of financial services to participate in the program; provides for disclosures, statements and receipts, referral partners, permitted services and prohibited activities.
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