Establishes the credit reporting rights outreach program to educate the public about the rights and obligations of citizens of the state of New York under the federal Equal Credit Opportunity Act; requires an annual report concerning the operation of such program.
STATE OF NEW YORK
________________________________________________________________________
6913--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 CREDIT REPORTING RIGHTS OUTREACH PROGRAM
5 Section 701. Credit reporting rights outreach program established.
6 § 701. Credit reporting rights outreach program established. (a)
7 There is hereby established within the department a credit reporting
8 rights outreach program to educate the public about the rights of citi-
9 zens of the state of New York under the federal Equal Credit Opportunity
10 Act.
11 (b) The superintendent shall submit on or before December first next
12 succeeding the effective date of this section and annually thereafter, a
13 report to the governor and the legislature concerning the operation of
14 the credit reporting rights program. Commencing in the year after the
15 first year of such program, such reports shall include the experience of
16 the program in providing outreach and education to the public on the
17 issue of the rights of citizens of the state of New York under the
18 federal Equal Credit Opportunity Act.
19 § 2. This act shall take effect on the ninetieth day after it shall
20 have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13606-02-8
