What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
1 Co-sponsor
History
- Referred to consumer protection
- Referred to consumer protection
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 prohibiting late charges on credit cards in certain cases
Purpose
To prohibit the imposition of late charges when a person pays their bill within ten days of the due date.
Summary of provisions
Adds a new section 520-d to the General Business Law to state that a person shall not be charged a late fee when they pay their credit card bill within 10 days of the due date on the statement.
Justification
This bill will provide for a grace period to protect consumers from credit card companies who do not provide sufficient time for their customers to pay.
Legislative history
2008-07 S.5065 - Referred to Consumer Protection 2006-05 S.240 - Referred to Consumer Protection 2004-03 S.1317 - Referred to Consumer Protection
Fiscal implications
None to the State
Effective date
This act shall take effect thirty days after it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.