Bill Title: Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient, including information concerning the financing amount, finance charges, the annual percentage rate, the total repayment amount, the term, payment amounts, other potential fees, any prepayment costs and a description of any collateral requirements.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Passed) 2020-12-23 - APPROVAL MEMO.65 [S05470 Detail]

Text: Latest bill text (Amended) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Kevin Thomas [D]	Primary	Sponsored Bills	SD-006	FollowTheMoney	Ballotpedia	VoteSmart
Senator David Carlucci [D]	Cosponsor	Sponsored Bills	SD-038	FollowTheMoney	Ballotpedia	VoteSmart
Senator Anna Kaplan [D]	Cosponsor	Sponsored Bills	SD-007	FollowTheMoney	Ballotpedia	VoteSmart
Senator John Liu [D]	Cosponsor	Sponsored Bills	SD-016	FollowTheMoney	Ballotpedia	VoteSmart
Senator Zellnor Myrie [D]	Cosponsor	Sponsored Bills	SD-020	FollowTheMoney	Ballotpedia	VoteSmart
Senator Jessica Ramos [D]	Cosponsor	Sponsored Bills	SD-013	FollowTheMoney	Ballotpedia	VoteSmart

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