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A06506 Summary:

BILL NOA06506
 
SAME ASNo Same As
 
SPONSORRomeo (MS)
 
COSPNSRSayegh, D'Urso, Arroyo
 
MLTSPNSRSimon
 
Add Art 8-B 339-a - 339-h, Bank L
 
Enacts the "credit creation pilot program act of New York"; directs the superintendent of financial services to create and implement such act; defines terms; provides that a program licensee may not offer or make a program loan or impose any charges or fees without prior approval from the superintendent of financial services to participate in the program; provides for disclosures, statements and receipts, referral partners, permitted services and prohibited activities.
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