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A 11293 New York Assembly · 2025 Regular Session

Requires covered lenders to report to the department of financial services certain information on covered loans

Summary
Requires covered lenders to report to the department of financial services certain information on covered loans; requires the superintendent of financial services to collect and maintain such data and to annually publish a report containing aggregated information regarding covered loans; requires the superintendent of financial services to promulgate rules and regulations to implement such provisions.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
Governor
Introduced May 8, 2026 Last action Jun 1, 2026
Maddy AI version diff · 1 comparison

What changed between versions

A11293 → A11293A · 2 edits
MINOR
The bill was amended to reflect its progression through the legislative process, including reports from the Committees on Codes and Ways and Means. Substantive changes were made to the definition of 'exempt financial entities' to clarify which institutions are excluded from the new reporting requirements.
Scope change
The bill's scope remains focused on amending the financial services law to regulate covered loans, but the specific list of exempt institutions was updated to ensure clarity on which entities are not subject to the new rules.
DEFINITION

The definition of 'exempt financial entities' was updated to change the criteria for banks and other institutions from being 'organized under' specific articles to being 'licensed or authorized' under those articles, clarifying the regulatory status required for exemption.

TECHNICAL

The bill's title and committee referral history were updated to include reports from the Committee on Codes and the Committee on Ways and Means, indicating the bill has advanced further in the legislative process.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
5
Key actions
2
Committee
3
Amendments
2
Jun 1, 2026
Lower · Passed
PRINT NUMBER 11293A
lower
Jun 1, 2026
Lower · Passed
AMEND AND RECOMMIT TO WAYS AND MEANS
lower
May 28, 2026
Committee
REPORTED REFERRED TO WAYS AND MEANS
lower
May 11, 2026
Committee
REPORTED REFERRED TO CODES
lower
May 8, 2026
Committee
REFERRED TO BANKS
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.