Add Art 17 SS9500 & 9501, Bank L; add SS355-d & 6204-b, Ed L
Provides that there shall be no solicitation for credit card holders through state or city university of NY unless credit education courses are provided.
STATE OF NEW YORK
________________________________________________________________________
173
2009-2010 Regular Sessions
IN ASSEMBLY(Prefiled)
January 7, 2009
___________
Introduced by M. of A. JEFFRIES, WRIGHT, PERRY, GLICK -- Multi-Sponsored
by -- M. of A. ALFANO, BENJAMIN, CLARK, COOK, FIELDS, HEVESI, HOOPER,
JOHN, MILLMAN, PEOPLES, PERALTA, J. RIVERA, ROBINSON, TOWNS, WEISEN-
BERG -- read once and referred to the Committee on Banks
AN ACT to amend the banking law and the education law, in relation to
prohibiting the state university of New York and the city university
of New York from permitting any persons to solicit persons to become
holders of credit cards unless credit education courses are provided
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The banking law is amended by adding a new article 17 to
2 read as follows:
3 ARTICLE XVII
4 CREDIT CARD SOLICITATION; CREDIT EDUCATION COURSES
5 Section 9500. Prohibition of soliciting persons to become credit card
6 holders at the state university of New York unless cred-
7 it education courses are provided.
8 9501. Prohibition of soliciting persons to become credit card
9 holders at the city university of New York unless cred-
10 it education courses are provided.
11 § 9500. Prohibition of soliciting persons to become credit card hold-
12 ers at the state university of New York unless credit education courses
13 are provided. The state university of New York shall not permit any
14 person, including an issuer of credit cards, as defined in subdivision
15 three of section five hundred eleven of the general business law, to
16 solicit persons on the property of the state university of New York to
17 become holders of credit cards, nor shall the state university of New
18 York enter into any agreement allowing any person to solicit persons to
19 become holders of credit cards through the state university of New York,
20 unless such person offers and provides courses in credit education to
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00328-01-9
A. 173 2
1 students enrolled in the state university of New York. Such courses
2 shall be given in accordance with rules and regulations to be promulgat-
3 ed by the commissioner of education.
4 § 9501. Prohibition of soliciting persons to become credit card hold-
5 ers at the city university of New York unless credit education courses
6 are provided. The city university of New York shall not permit any
7 person, including an issuer of credit cards, as defined in subdivision
8 three of section five hundred eleven of the general business law, to
9 solicit persons on the property of the city university of New York to
10 become holders of credit cards, nor shall the city university of New
11 York enter into any agreement allowing any person to solicit persons to
12 become holders of credit cards through the city university of New York,
13 unless such person offers and provides courses in credit education to
14 students enrolled in the city university of New York. Such courses shall
15 be given in accordance with rules and regulations to be promulgated by
16 the commissioner of education.
17 § 2. The education law is amended by adding a new section 355-d to
18 read as follows:
19 § 355-d. Prohibition of soliciting persons to become credit card hold-
20 ers unless credit education courses are provided. The state university
21 of New York shall not permit any person, including an issuer of credit
22 cards, as defined in subdivision three of section five hundred eleven of
23 the general business law, to solicit persons on the property of the
24 state university of New York to become holders of credit cards, nor
25 shall the state university of New York enter into any agreement allowing
26 any person to solicit persons to become holders of credit cards through
27 the state university of New York, unless such person offers and provides
28 courses in credit education to students enrolled in the state university
29 of New York. Such courses shall be given in accordance with rules and
30 regulations to be promulgated by the commissioner.
31 § 3. The education law is amended by adding a new section 6204-b to
32 read as follows:
33 § 6204-b. Prohibition of soliciting persons to become credit card
34 holders unless credit education courses are provided. The city universi-
35 ty of New York shall not permit any person, including an issuer of cred-
36 it cards, as defined in subdivision three of section five hundred eleven
37 of the general business law, to solicit persons on the property of the
38 city university of New York to become holders of credit cards, nor shall
39 the city university of New York enter into any agreement allowing any
40 person to solicit persons to become holders of credit cards through the
41 city university of New York, unless such person offers and provides
42 courses in credit education to students enrolled in the city university
43 of New York. Such courses shall be given in accordance with rules and
44 regulations to be promulgated by the commissioner.
45 § 4. This act shall take effect on the first of September next
46 succeeding the date on which it shall have become a law; provided that
47 the commissioner of education is immediately authorized and directed to
48 promulgate, amend and/or repeal any rules and regulations necessary to
49 implement the provisions of this act on such effective date.
