Establishes the consumer credit rights and responsibilities outreach program to educate the public about the rights and obligations of citizens of the state of New York with regard to credit services and reporting; requires an annual report concerning the operation of such program.
STATE OF NEW YORK
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6914--A
2017-2018 Regular Sessions
IN SENATE
October 13, 2017
___________
Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules -- recommitted to
the Committee on Banks in accordance with Senate Rule 6, sec. 8 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the financial services law, in relation to a public
education program about the rights of consumers
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The financial services law is amended by adding a new arti-
2 cle 7 to read as follows:
3 ARTICLE 7
4 CONSUMER CREDIT RIGHTS AND RESPONSIBILITIES OUTREACH PROGRAM
5 Section 701. Consumer credit rights and responsibilities outreach
6 program established.
7 § 701. Consumer credit rights and responsibilities outreach program
8 established. 1. There is hereby established within the department a
9 consumer credit rights and responsibilities outreach program to educate
10 the public about the rights and obligations of citizens of the state of
11 New York with regard to credit services and reporting, including infor-
12 mation such as, but not limited to, (a) credit freezes; (b) credit moni-
13 toring services; (c) credit reporting; (d) the contents of and access to
14 credit scores; (e) the definition of private information as defined in
15 section eight hundred ninety-nine-aa of the general business law; (f)
16 notification requirements under section eight hundred ninety-nine-aa of
17 the general business law; (g) mitigating the effects of a breach of
18 private information; and (h) the rights of consumers over their personal
19 information as it is related to third parties.
20 2. The superintendent shall submit on or before December first next
21 succeeding the effective date of this section and annually thereafter, a
22 report to the governor and the legislature concerning the operation of
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13607-02-8
S. 6914--A 2
1 the consumer credit rights and responsibilities outreach program.
2 Commencing in the year after the first year of such program, such
3 reports shall include the experience of the program in providing
4 outreach and education to the public on the issue of the rights and
5 obligations of the citizens of the state of New York with regard to
6 credit services and reporting.
7 § 2. This act shall take effect on the ninetieth day after it shall
8 have become a law.