New York State Assembly

Bill No.:  

 
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S08292 Summary:

BILL NO	S08292
SAME AS	SAME AS A08409
SPONSOR	SANDERS
COSPNSR
MLTSPNSR
Amd §3, Chap 223 of 1996
Extends the effectiveness of provisions of law relating to permissible fees in connection with open end loans from June 30, 2025 until June 30, 2027.

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S08292 Actions:

BILL NO	S08292
05/30/2025	REFERRED TO BANKS
06/04/2025	COMMITTEE DISCHARGED AND COMMITTED TO RULES
06/04/2025	ORDERED TO THIRD READING CAL.1589
06/10/2025	SUBSTITUTED BY A8409
	A08409 AMEND= Seawright
	05/14/2025	referred to banks
	05/19/2025	reported referred to rules
	05/21/2025	reported
	05/21/2025	rules report cal.246
	05/21/2025	ordered to third reading rules cal.246
	05/21/2025	passed assembly
	05/21/2025	delivered to senate
	05/21/2025	REFERRED TO BANKS
	06/10/2025	SUBSTITUTED FOR S8292
	06/10/2025	3RD READING CAL.1589
	06/10/2025	PASSED SENATE
	06/10/2025	RETURNED TO ASSEMBLY
	06/18/2025	delivered to governor
	06/20/2025	signed chap.144

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S08292 Committee Votes:

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S08292 Floor Votes:

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S08292 Memo:

Memo not available

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S08292 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8292
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                      May 30, 2025
                                       ___________
 
        Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
          printed to be committed to the Committee 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 155 of the laws of 2023, 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, [2025] 2027, 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.
                                                                   LBD10845-01-5

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