Bill Text: NY A10767 | 2019-2020 | General Assembly | Introduced

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Bill Title: Includes medical services, student loans, auto loans and retail installment contracts in the definition of "consumer credit transaction".

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-07-09 - referred to judiciary [A10767 Detail]

Download: New_York-2019-A10767-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          10767

                   IN ASSEMBLY

                                      July 9, 2020
                                       ___________

        Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Epstein) --
          read once and referred to the Committee on Judiciary

        AN ACT to amend the civil practice law and rules, in relation to includ-
          ing medical services, student loans, auto loans and retail installment
          contracts in the definition of "consumer credit transaction"

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

     1    Section  1.  Subdivision  (f) of section 105 of the civil practice law
     2  and rules, as amended by chapter 238 of the laws of 1973, is amended  to
     3  read as follows:
     4    (f)  Consumer  credit  transaction.  The  term "consumer credit trans-
     5  action" means a transaction wherein credit is extended to an  individual
     6  and  the  money, property, or service which is the subject of the trans-
     7  action is primarily for personal,  family  or  household  purposes.    A
     8  consumer  credit  transaction includes debt incurred in connection with,
     9  among others, medical services, student loans whether owed to the  state
    10  of New York or otherwise, auto loans and retail installment contracts.
    11    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD16861-01-0