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A02382 Summary:

BILL NOA02382
 
SAME ASSAME AS S00153
 
SPONSORWeinstein (MS)
 
COSPNSRGalef, Zebrowski, O'Donnell, Fahy, Peoples-Stokes, Rosenthal L, Dinowitz, Seawright, Glick, Weprin, Taylor, Reyes
 
MLTSPNSRCahill, Cymbrowitz, Gottfried, Perry
 
Amd CPLR, generally; amd 212, Judy L
 
Enacts the "consumer credit fairness act"; establishes a 3 year statute of limitations for commencement of a cause of action arising out of a consumer credit transaction where the defendant is a purchaser, borrower or debtor; establishes a notice of lawsuit which must be mailed to the defendant in such a cause of action; establishes certain requirements for the complaint in such an action; provides for arbitration of such actions.
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