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S 5470 New York Senate · 2019 Regular Session

Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient

Summary
Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient, including information concerning the financing amount, finance charges, the annual percentage rate, the total repayment amount, the term, payment amounts, other potential fees, any prepayment costs and a description of any collateral requirements.
Bill status signed all 5 stages cleared
Introduction
May 2019
Committee Review
Jul 2020
Senate Passage
Jul 2020
Assembly Passage
Jul 2020
Signed into Law
Dec 2020
Introduced May 1, 2019 Signed Dec 23, 2020
Floor votes · Senate Jul 23, 2020 · Assembly Jul 23, 2020

How they voted

42–17
Passed
Total votes 59
Jul 23, 2020
D Democratic39
39 Yea
100% Yea
R Republican20
3 Yea 17 Nay
85% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
18
Key actions
5
Committee
6
Amendments
2
Dec 23, 2020
Signed into law
SIGNED CHAP.369
upper
Jul 23, 2020
Lower · Passed
PASSED ASSEMBLY
lower
Jul 23, 2020
Committee
REFERRED TO CODES
lower
Jul 23, 2020
Upper · Passed
PASSED SENATE
upper
Jul 21, 2020
Committee
REPORTED AND COMMITTED TO RULES
upper
Jul 13, 2020
Upper · Passed
PRINT NUMBER 5470B
upper
Jul 13, 2020
Committee
AMEND AND RECOMMIT TO BANKS
upper
Mar 13, 2020
Upper · Passed
PRINT NUMBER 5470A
upper
Mar 13, 2020
Committee
AMEND (T) AND RECOMMIT TO BANKS
upper
Jan 8, 2020
Committee
REFERRED TO BANKS
upper
May 1, 2019
Committee
REFERRED TO BANKS
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.