Outline of New York State & the NYS Assembly Seal

New York State Assembly

Speaker Carl E. Heastie
 

S09366 Summary:

BILL NOS09366
 
SAME ASSAME AS A09463
 
SPONSORSANDERS
 
COSPNSR
 
MLTSPNSR
 
Add §813, Fin Serv L
 
Relates to the application of certain provisions relating to commercial financing; provides that liability shall not be imposed on a provider if the actual annual percentage rate charged by the provider differs from the estimated annual percentage rate disclosed by the provider acting in good faith.
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S09366 Actions:

BILL NOS09366
 
05/14/2024REFERRED TO BANKS
05/21/20241ST REPORT CAL.1303
05/22/20242ND REPORT CAL.
05/23/2024ADVANCED TO THIRD READING
06/05/2024SUBSTITUTED BY A9463
 A09463 AMEND= Zebrowski
 03/14/2024referred to banks
 05/07/2024reported referred to codes
 05/14/2024reported referred to rules
 05/20/2024reported
 05/20/2024rules report cal.78
 05/20/2024ordered to third reading rules cal.78
 05/20/2024passed assembly
 05/20/2024delivered to senate
 05/20/2024REFERRED TO BANKS
 06/05/2024SUBSTITUTED FOR S9366
 06/05/20243RD READING CAL.1303
 06/07/2024SUBSTITUTION RECONSIDERED
 06/07/2024COMMITTED TO RULES
 06/07/2024SUBSTITUTION RECONSIDERED
 06/07/2024COMMITTED TO RULES
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S09366 Committee Votes:

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S09366 Floor Votes:
There are no votes for this bill in this legislative session.
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S09366 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          9366
 
                    IN SENATE
 
                                      May 14, 2024
                                       ___________
 
        Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Banks
 
        AN ACT to amend the financial services law, in relation to the  applica-
          tion of certain provisions relating to commercial financing
 
          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
     2  section 813 to read as follows:
     3    §  813. Application. The requirements of this article shall not impose
     4  any liability on a provider as a result of the actual annual  percentage
     5  rate  charged  by  the  provider  differing  from  the  estimated annual
     6  percentage rate disclosed by the provider acting in good  faith  and  in
     7  conformity  with  this article and applicable department rules and regu-
     8  lations.
     9    § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14693-01-4



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