New York State Assembly

  -  This bill is not active in this session.

Bill No.:  

 
•  Summary 
 
•  Actions 
 
•  Floor Votes 
 
•  Memo 
 
•  Text 

---

A00962 Summary:

BILL NO	A00962
SAME AS	No same as
SPONSOR	Destito
COSPNSR
MLTSPNSR
Add S518-b, Gen Bus L
Provides that any charges assessed by a credit card company for late payment shall not exceed one and one-half percent of the unpaid balance of any bill or fifteen dollars.

Go to top    

---

A00962 Actions:

BILL NO	A00962
01/05/2011	referred to consumer affairs and protection
05/11/2011	enacting clause stricken

Go to top

---

A00962 Floor Votes:

Go to top

---

A00962 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           962
 
                               2011-2012 Regular Sessions
 
                   IN ASSEMBLY
 
                                       (Prefiled)
 
                                     January 5, 2011
                                       ___________
 
        Introduced  by M. of A. DESTITO -- read once and referred to the Commit-
          tee on Consumer Affairs and Protection
 
        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 one and one-half percent
     5  of the unpaid balance of any bill, including any  interest  thereon,  or
     6  fifteen 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.
                                                                   LBD01448-01-1

Go to top