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A07466 Summary:

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A07466 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7466
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 12, 2015
                                       ___________
 
        Introduced  by M. of A. LINARES -- read once and referred to the Commit-
          tee on Banks
 
        AN ACT to amend chapter 223 of the laws of 1996,  amending  the  banking
          law relating to permissible fees in connection with open end loans, in
          relation to extending 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 3 of chapter 223 of the laws of 1996, amending  the
     2  banking  law  relating  to  permissible fees in connection with open end
     3  loans, as amended by chapter 32 of the laws of 2013, is amended to  read
     4  as follows:
     5    §  3. This act shall take effect immediately, and remain in full force
     6  and effect until June 30, [2015] 2017, when, upon such date, the  amend-
     7  ments  made  by  this  act  shall expire and be deemed repealed, and the
     8  provisions of law amended by this act shall revert to their text and  be
     9  read as they were immediately prior to the effective date of this act.
    10    § 2. This act shall take effect immediately.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10861-01-5