Bill Text: NY S04545 | 2019-2020 | General Assembly | Introduced


Bill Title: Provides that there shall be no solicitation for credit card holders through state or city university of NY unless credit education courses are provided.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2019-03-14 - REFERRED TO BANKS [S04545 Detail]

Download: New_York-2019-S04545-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          4545
                               2019-2020 Regular Sessions
                    IN SENATE
                                     March 14, 2019
                                       ___________
        Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
          printed to be committed to the Committee on Banks
        AN ACT to amend the banking law and the education law,  in  relation  to
          prohibiting  the  state university of New York and the city university
          of New York from permitting any persons to solicit persons  to  become
          holders of credit cards unless credit education courses are provided
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1.  The banking law is amended by adding a new article  17  to
     2  read as follows:
     3                                 ARTICLE XVII
     4             CREDIT CARD SOLICITATION; CREDIT EDUCATION COURSES
     5  Section 9500. Prohibition  of  soliciting  persons to become credit card
     6                  holders at the state university of New York unless cred-
     7                  it education courses are provided.
     8          9501. Prohibition of soliciting persons to  become  credit  card
     9                   holders at the city university of New York unless cred-
    10                   it education courses are provided.
    11    §  9500. Prohibition of soliciting persons to become credit card hold-
    12  ers at the state university of New York unless credit education  courses
    13  are  provided.  The  state  university  of New York shall not permit any
    14  person, including an issuer of credit cards, as defined  in  subdivision
    15  three  of  section  five  hundred eleven of the general business law, to
    16  solicit persons on the property of the state university of New  York  to
    17  become  holders  of  credit cards, nor shall the state university of New
    18  York enter into any agreement allowing any person to solicit persons  to
    19  become holders of credit cards through the state university of New York,
    20  unless  such  person  offers and provides courses in credit education to
    21  students enrolled in the state university  of  New  York.  Such  courses
    22  shall be given in accordance with rules and regulations to be promulgat-
    23  ed by the commissioner of education.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10738-01-9

        S. 4545                             2
     1    §  9501. Prohibition of soliciting persons to become credit card hold-
     2  ers at the city university of New York unless credit  education  courses
     3  are  provided.  The  city  university  of  New York shall not permit any
     4  person, including an issuer of credit cards, as defined  in  subdivision
     5  three  of  section  five  hundred eleven of the general business law, to
     6  solicit persons on the property of the city university of  New  York  to
     7  become  holders  of  credit  cards, nor shall the city university of New
     8  York enter into any agreement allowing any person to solicit persons  to
     9  become  holders of credit cards through the city university of New York,
    10  unless such person offers and provides courses in  credit  education  to
    11  students enrolled in the city university of New York. Such courses shall
    12  be  given  in accordance with rules and regulations to be promulgated by
    13  the commissioner of education.
    14    § 2.  The education law is amended by adding a new  section  355-d  to
    15  read as follows:
    16    § 355-d. Prohibition of soliciting persons to become credit card hold-
    17  ers  unless  credit education courses are provided. The state university
    18  of New York shall not permit any person, including an issuer  of  credit
    19  cards, as defined in subdivision three of section five hundred eleven of
    20  the  general  business  law,  to  solicit persons on the property of the
    21  state university of New York to become  holders  of  credit  cards,  nor
    22  shall the state university of New York enter into any agreement allowing
    23  any  person to solicit persons to become holders of credit cards through
    24  the state university of New York, unless such person offers and provides
    25  courses in credit education to students enrolled in the state university
    26  of New York. Such courses shall be given in accordance  with  rules  and
    27  regulations to be promulgated by the commissioner.
    28    §  3.  The  education law is amended by adding a new section 6204-b to
    29  read as follows:
    30    § 6204-b. Prohibition of soliciting  persons  to  become  credit  card
    31  holders unless credit education courses are provided. The city universi-
    32  ty of New York shall not permit any person, including an issuer of cred-
    33  it cards, as defined in subdivision three of section five hundred eleven
    34  of  the  general business law, to solicit persons on the property of the
    35  city university of New York to become holders of credit cards, nor shall
    36  the city university of New York enter into any  agreement  allowing  any
    37  person  to solicit persons to become holders of credit cards through the
    38  city university of New York, unless  such  person  offers  and  provides
    39  courses  in credit education to students enrolled in the city university
    40  of New York. Such courses shall be given in accordance  with  rules  and
    41  regulations to be promulgated by the commissioner.
    42    §  4.  This  act  shall  take  effect  on  the first of September next
    43  succeeding the date on which it shall have become a law;  provided  that
    44  the  commissioner of education is immediately authorized and directed to
    45  promulgate, amend and/or repeal any rules and regulations  necessary  to
    46  implement the provisions of this act on such effective date.
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