| BILL NO | A01752A |
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| SAME AS | SAME AS S08959-A
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| SPONSOR | Weinstein (MS) |
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| COSPNSR | Jaffee, Titone, Colton, Galef, Abinanti, Zebrowski, O'Donnell, Rosenthal L, Fahy, Peoples-Stokes,
Miller MG, Dinowitz, Seawright, Otis, Weprin, Sepulveda, Mosley |
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| MLTSPNSR | Cahill, Cook, Cymbrowitz, Epstein, Glick, Gottfried, McDonough, Perry |
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| Amd §§213, 3012 & 3215, RR3016 & 3211, add §§214-g, 306-d & 7516, CPLR |
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| 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. |
