Bill Text: NY S06913 | 2017-2018 | General Assembly | Amended

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Bill Title: Establishes the credit reporting rights outreach program to educate the public about the rights and obligations of citizens of the state of New York under the federal Equal Credit Opportunity Act; requires an annual report concerning the operation of such program.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-03-14 - PRINT NUMBER 6913A [S06913 Detail]

Download: New_York-2017-S06913-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         6913--A
                               2017-2018 Regular Sessions
                    IN SENATE
                                    October 13, 2017
                                       ___________
        Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules  --  recommitted  to
          the  Committee  on  Banks  in accordance with Senate Rule 6, sec. 8 --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
        AN  ACT  to  amend  the  financial services law, in relation to a public
          education program about the rights of consumers
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. The financial services law is amended by adding a new arti-
     2  cle 7 to read as follows:
     3                                  ARTICLE 7
     4                  CREDIT REPORTING RIGHTS OUTREACH PROGRAM
     5  Section 701. Credit reporting rights outreach program established.
     6    §  701.    Credit  reporting  rights outreach program established. (a)
     7  There is hereby established within the  department  a  credit  reporting
     8  rights  outreach program to educate the public about the rights of citi-
     9  zens of the state of New York under the federal Equal Credit Opportunity
    10  Act.
    11    (b) The superintendent shall submit on or before December  first  next
    12  succeeding the effective date of this section and annually thereafter, a
    13  report  to  the governor and the legislature concerning the operation of
    14  the credit reporting rights program. Commencing in the  year  after  the
    15  first year of such program, such reports shall include the experience of
    16  the  program  in  providing  outreach and education to the public on the
    17  issue of the rights of citizens of the  state  of  New  York  under  the
    18  federal Equal Credit Opportunity Act.
    19    §  2.  This  act shall take effect on the ninetieth day after it shall
    20  have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13606-02-8