A00156 Summary:

BILL NOA00156
 
SAME ASSAME AS S02293
 
SPONSORCahill (MS)
 
COSPNSR
 
MLTSPNSRCurran, Englebright, Hooper, Magee
 
Add §518-b, Gen Bus L
 
Provides that any charges assessed by a credit card company for late payment shall not exceed five percent of the unpaid balance of any bill, including any interest thereon, or twenty dollars, whichever amount is less.
Go to top    

A00156 Actions:

BILL NOA00156
 
01/04/2017referred to banks
01/03/2018referred to banks
Go to top

A00156 Committee Votes:

Go to top

A00156 Floor Votes:

There are no votes for this bill in this legislative session.
Go to top

A00156 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           156
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                       (Prefiled)
 
                                     January 4, 2017
                                       ___________
 
        Introduced  by M. of A. CAHILL -- Multi-Sponsored by -- M. of A. CURRAN,
          ENGLEBRIGHT, HOOPER, MAGEE -- read once and referred to the  Committee
          on Banks
 
        AN  ACT  to  amend  the general business law, in relation to credit card
          late charges

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. The general business law is amended by adding a new section
     2  518-b to read as follows:
     3    §  518-b.  Credit  card late charges. Any charges assessed by a credit
     4  card company for late payment shall  not  exceed  five  percent  of  the
     5  unpaid  balance  of  any bill, including any interest thereon, or twenty
     6  dollars, whichever amount is less.
     7    § 2. This act shall take effect on the ninetieth day  after  it  shall
     8  have become a law.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01494-01-7
Go to top