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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to consumer protection
- 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.
Provides that no issuer of a credit card shall send unsolicited, blank checks to a card member residing in New York state
In Assembly Committee · Consumer Affairs And Protection · Sponsor Bill Reilich
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 the unsolicited sending of blank checks by issuers of credit cards
Purpose
The subject bill adds a new subdivision 10 to Section 520 of the General Business Law to prohibit the unsolicited sending of blank checks to a credit card holder in New York State.
Summary of provisions
This legislation adds a new subdivision 10 to Section 520 of the General Business Law.
Justification
Currently, credit card holders in New York State are sent blank checks by credit card issuers even thought the holder has never requested same. If such checks are lost or stolen and later cashed by someone other than the holder, he or she is still liable for payment. This legislation would correct such an injustice.
Legislative history
S.1146/A.9606 of 2007-08; S.2143 of 2005-06 (Senate Consumer Protection); S.2828 of 2003-04;
Fiscal implications
None.
Effective date
This bill shall take effect 60 days after is becomes a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.