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History
- Signed chap.247
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.73
- Substituted for A8122
- Referred to codes
- Delivered to assembly
- Passed senateVote 62–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.166
Show 4 earlier actions
- Print number 1376a
- Amend and recommit to codes
- Reported and committed to codes
- Referred to consumer protection
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Increases the liability of creditors to consumers for credit billing errors
Assembly Floor Calendar · Sponsor Hakeem Jeffries
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the general business law, in relation to credit billing errors
Purpose or general idea of bill
To encourage companies doing business in the state to reduce the number of billing errors to their customers.
Summary of specific provisions
Subdivision 2 of section 707 of the general business law, as added by chapter 407 of the laws of 1973 is amended. This bill would extend the existing section of the general business law which provides for liability in the case of billing errors and increases the maximum liability to four hundred dollars.
Justification
The principle of liability in the case of billing error has previously been established by the legislature. This bill would raise the maximum liability from $100 to $400 which reflects an inflationary increase pursuant to the Consumer Price Index.
By increasing their liability, companies doing billing would be encouraged to increase the accuracy of their work, which costs their consumers money and takes time to correct.
Prior legislative history
This bill was previously introduced.
Fiscal implications
None.
Effective date
The first of September after enactment.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.