STATE OF NEW YORK
________________________________________________________________________
3055
2025-2026 Regular Sessions
IN ASSEMBLY
January 23, 2025
___________
Introduced by M. of A. R. CARROLL, REYES -- read once and referred to
the Committee on Consumer Affairs and Protection
AN ACT to amend the general business law and the banking law, in
relation to prohibiting a consumer reporting agency or lender from
using an individual's late payment of cashless tolls to determine such
individual's credit worthiness
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subparagraphs (viii) and (ix) of paragraph 1 of subdivision
2 (f) of section 380-j of the general business law, as amended by chapter
3 727 of the laws of 2023, are amended to read as follows:
4 (viii) information relating to a medical debt regardless of the date
5 it was incurred; [or]
6 (ix) late payments of any cashless tolls; or
7 (x) any other adverse information which antedates the report by more
8 than seven years.
9 § 2. Section 352 of the banking law is amended by adding a new ninth
10 undesignated paragraph to read as follows:
11 No licensee shall collect, evaluate, report or maintain in the file on
12 a borrower the borrower's late payment of cashless tolls as a factor to
13 determine the borrower's credit worthiness, credit standing or credit
14 capacity. The superintendent shall ensure that the credit scoring
15 formulas filed with the department do not contain variables which
16 account for late payment of cashless tolls as part of that formula by
17 asking the licensee to certify to that fact.
18 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04317-01-5
