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A06909 Summary:
| BILL NO | A06909E |
| SAME AS | SAME AS S04827-E |
| SPONSOR | Weinstein (MS) |
| COSPNSR | Jaffee, Colton, Galef, Abinanti, Zebrowski, O'Donnell, Fahy, Peoples-Stokes, Rosenthal L, Miller MG, Dinowitz, Seawright, Glick, Weprin, Mosley, Taylor, Barron, Reyes, Ortiz |
| MLTSPNSR | Cahill, Cook, Cymbrowitz, Epstein, Gottfried, McDonough, 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. | |