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Bill > S00775
NY S00775
NY S00775Prohibits 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 amends the New York General Business Law to prohibit consumer reporting agencies from reporting any new adverse information that is a result of the COVID-19 pandemic for affected persons who notify the agency. An "affected person" is defined as a New York resident who has suffered financial hardship due to the COVID-19 pandemic, which is defined as the period of the state of emergency declared on March 7, 2020 and 90 days following its conclusion. The bill also outlines the process for affected persons to request agencies to disregard adverse information, and prohibits agencies from charging for such requests. The provisions of the bill will expire 90 days after the end of the declared state of emergency.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
REFERRED TO CONSUMER 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/S775 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00775&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00775 |
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