Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
8409
2025-2026 Regular Sessions
I N A S S E M B L Y
May 14, 2025
___________
Introduced by M. of A. SEAWRIGHT -- read once and referred to the
Committee on Banks
AN ACT to amend chapter 223 of the laws of 1996 amending the banking law
relating to permissible fees in connection with open end loans, in
relation to extending the effectiveness thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 3 of chapter 223 of the laws of 1996 amending the
banking law relating to permissible fees in connection with open end
loans, as amended by chapter 155 of the laws of 2023, is amended to read
as follows:
§ 3. This act shall take effect immediately, and remain in full force
and effect until June 30, [2025] 2027, when, upon such date, the amend-
ments made by this act shall expire and be deemed repealed, and the
provisions of law amended by this act shall revert to their text and be
read as they were immediately prior to the effective date of this act.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10845-01-5Every fact on this page links to its source, starting with the official bill record.