A 643 New York Assembly · 2025 Regular Session

Relates to the purchase of claims by corporations or collection agencies

Summary

Relates to the purchase of claims by corporations or collection agencies; relates to the inference of an assignee's intent and purpose in taking an assignment of a claim against an obligor that is not an eligible obligor.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 8, 2025 Last action May 27, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

A643A → A643B · 2 edits

MINOR

This bill update adds several new sponsors to the legislation and adjusts the effective date for new interest rate rules on foreign government debt. The most significant change is shifting the start date for these new rules from May 15, 2024, to January 1, 2026, giving creditors and courts more time to adapt. Additionally, the bill now includes more representatives in its sponsorship.

Scope change

The bill's scope regarding who can sponsor the legislation has expanded, and the timeline for when new interest rate restrictions on foreign debt take effect has been extended.

TIMELINE

The effective date for new interest rate rules on foreign government debt was changed from May 15, 2024, to January 1, 2026.

SCOPE

The list of bill sponsors was expanded to include eleven additional Assembly members.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 27, 2026

Lower · Passed

PRINT NUMBER 643B

lower

May 27, 2026

Lower · Passed

AMEND AND RECOMMIT TO JUDICIARY

lower

Jan 7, 2026

Committee

REFERRED TO JUDICIARY

lower

May 5, 2025

Lower · Passed

PRINT NUMBER 643A

lower

May 5, 2025

Lower · Passed

AMEND AND RECOMMIT TO JUDICIARY

lower

Jan 8, 2025

Committee

REFERRED TO JUDICIARY

lower

1 primary · 45 co-sponsors