New YorkInstallment-loan rules remain in effect until September 2029
The law keeps certain installment-loan rules in effect immediately and schedules their repeal for September 30, 2029.
What it does
Rules covering certain installment loans and related debt documents remain in effect immediately through September 30, 2029, when they are scheduled to end.
Argument forKeeping the rules in place could give lenders and borrowers more certainty about how covered installment loans are handled through September 2029.
Argument againstKeeping the rules until 2029 may delay lawmakers' chance to review or change requirements affecting installment-loan borrowers and lenders.
More detail
The law keeps the covered installment-loan rules in effect. The provision covers installment loans and obligations that show installment-loan debt under the 1993 law, as later amended. The provision takes effect immediately and remains in force until September 30, 2029, when it is deemed repealed.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Aug 28SIGNED CHAP.273Became Law
- Aug 21DELIVERED TO GOVERNORTo Governor
- Jun 4RETURNED TO ASSEMBLY
- Vote recorded Floor Vote. Result: pass.Upper
- Jun 4PASSED SENATEPassed 2nd Chamber
- Jun 43RD READING CAL.1424
- Jun 4SUBSTITUTED FOR S9901
- May 4REFERRED TO LOCAL GOVERNMENTMinor
- Vote recorded Assembly Vote. Result: pass.Lower
- May 4DELIVERED TO SENATE
- May 4PASSED ASSEMBLYPassed 1st Chamber
- Apr 30ADVANCED TO THIRD READING CAL.437
- Apr 28REPORTED
- Apr 21REPORTED REFERRED TO WAYS AND MEANSMinor
- Apr 16REFERRED TO LOCAL GOVERNMENTSIntroduced
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