STATE OF NEW YORK
________________________________________________________________________
9121
IN SENATE
May 10, 2022
___________
Introduced by Sen. MAYER -- read twice and ordered printed, and when
printed to be committed to the Committee on Consumer Protection
AN ACT to amend chapter 667 of the laws of 2021 amending the general
business law relating to establishing a set grace period for the use
of credit card reward points, in relation to the effectiveness thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 2 of chapter 667 of the laws of 2021, amending the
2 general business law relating to establishing a set grace period for the
3 use of credit card reward points, is amended to read as follows:
4 § 2. This act shall take effect [one year] two years after it shall
5 have become a law, and shall apply to all credit card agreements entered
6 into, renewed, modified or amended on or after such effective date.
7 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15765-01-2