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Bill > A00559
NY A00559
NY A00559Prohibits negative credit reporting on consumers who have suffered financial harm as a result of the declared state of emergency relating to the coronavirus.
summary
Introduced
01/06/2021
01/06/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the general business law, in relation to prohibiting a consumer reporting agency from reporting certain adverse information during the state of emergency caused by the novel coronavirus pandemic; and providing for the repeal of such provisions upon expiration thereof
AI Summary
This bill prohibits consumer reporting agencies from reporting any new adverse information on a consumer's credit report that is a result of the COVID-19 pandemic. Affected persons, defined as New York residents who have suffered financial hardship due to the pandemic, can request the agency to disregard such adverse information by providing proof of hardship. The bill also prohibits the agency from charging a fee for this request and will be enforced by the Superintendent of Financial Services and the Director of the Division of Consumer Protection. The provisions of the bill will be in effect from March 7, 2020 and expire 90 days after the declared state of emergency related to COVID-19 ends.
Committee Categories
Business and Industry
Sponsors (7)
Steven Englebright (D)*,
Nily Rozic (D)*,
Harvey Epstein (D),
Jonathan Jacobson (D),
Steve Otis (D),
Rebecca Seawright (D),
Jo Anne Simon (D),
Last Action
referred to consumer affairs and protection (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A559 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A00559&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A00559 |
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