Bill Text: NY A09363 | 2021-2022 | General Assembly | Introduced

New York Assembly Bill 9363 (Prior Session Legislation)

Introduced

Bill Title: Prohibits reporting debt arrears of an individual which are due to a COVID-19 related hardship to a consumer reporting agency; provides for the removal of such information from an individual's file with such agency.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-02-23 - referred to consumer affairs and protection [A09363 Detail]

Download: New_York-2021-A09363-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________

                                          9363

                   IN ASSEMBLY

                                    February 23, 2022
                                       ___________

        Introduced by M. of A. TAYLOR -- read once and referred to the Committee
          on Consumer Affairs and Protection

        AN  ACT  to  amend  the general business law, in relation to prohibiting
          certain debt arrears from being reported to consumer  reporting  agen-
          cies

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The general business law is amended by adding a new section
     2  399-zzzzzz to read as follows:
     3    § 399-zzzzzz. Prohibition on reporting of certain debt arrears.  1. No
     4  person, firm, partnership, association or corporation shall report  debt
     5  arrears of an individual which are due to a COVID-19 related hardship to
     6  a consumer reporting agency as defined in section three hundred eighty-a
     7  of this chapter.
     8    2. Debt arrears reported in violation of the provisions of subdivision
     9  one  of  this  section  shall  be  expunged from the file, as defined in
    10  section three hundred eighty-a of this chapter, of  any  individual  who
    11  files  a  dispute  regarding such debt arrears pursuant to section three
    12  hundred eighty-f of this chapter.
    13    3. As used in this section "COVID-19 related hardship" means:
    14    (a) A significant loss of household income during the COVID-19 pandem-
    15  ic.
    16    (b) Increase in necessary out-of-pocket expenses related to performing
    17  essential work or related to health impacts during the COVID-19  pandem-
    18  ic.
    19    (c)  Childcare  responsibilities  or  responsibilities  to care for an
    20  elderly, disabled, or sick family member during  the  COVID-19  pandemic
    21  have negatively affected the ability of the individual or the ability of
    22  someone in the household of such individual to obtain meaningful employ-
    23  ment  or  earn  income  or increased such individual's necessary out-of-
    24  pocket expenses.
    25    (d) Other circumstances related to the COVID-19  pandemic  have  nega-
    26  tively affected the individual's ability to obtain meaningful employment

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14489-01-2

        A. 9363                             2

     1  or  earn income or have significantly reduced the individual's household
     2  income or significantly increased such individual's expenses.
     3    §  2.  This  act shall take effect on the thirtieth day after it shall
     4  have become a law.