Bill Text: NY A09035 | 2013-2014 | General Assembly | Introduced

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Bill Title: Extends provisions of law relating to installment loans.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2014-07-22 - signed chap.111 [A09035 Detail]

Download: New_York-2013-A09035-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         9035
                                 I N  A S S E M B L Y
                                    March 10, 2014
                                      ___________
       Introduced  by  M.  of A. MAGNARELLI -- (at request of the Environmental
         Facilities Corporation) -- read once and referred to the Committee  on
         Local Governments
       AN  ACT  to  amend  chapter  492 of the laws of 1993, amending the local
         finance law relating to installment loans and  obligations  evidencing
         installment  loans, in relation to extending the effectiveness of such
         provisions
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1. Section 3 of chapter 492 of the laws of 1993, amending the
    2  local finance law relating to installment loans and obligations evidenc-
    3  ing installment loans, as amended by chapter 41 of the laws of 2011,  is
    4  amended to read as follows:
    5    S  3.  This act shall take effect immediately and shall remain in full
    6  force and effect until September 30, [2014] 2017, at which time it shall
    7  be deemed repealed.
    8    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD13968-01-4