Senate Bill S1106

2015-2016 Legislative Session

Prohibits the mailing of credit card applications to persons under twenty-one years of age

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Consumer Protection Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-S1106 (ACTIVE) - Details

See Assembly Version of this Bill:
A85
Current Committee:
Senate Consumer Protection
Law Section:
General Business Law
Laws Affected:
Amd §520, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2009-2010: S991, A489
2011-2012: S3756, A5934
2013-2014: S2395, A452
2017-2018: A5225
2019-2020: A3437
2021-2022: A1981
2023-2024: A1743

2015-S1106 (ACTIVE) - Summary

Prohibits the mailing of credit card applications to persons under twenty-one years of age except when requested; provides for a penalty of no more than one thousand dollars per violation.

2015-S1106 (ACTIVE) - Sponsor Memo

2015-S1106 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1106

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             January 8, 2015
                               ___________

Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Consumer Protection

AN ACT to amend the general business law,  in  relation  to  prohibiting
  mailing  of credit card applications to persons under twenty-one years
  of age

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The opening paragraph and subdivision 9 of section 520 of
the general business law, the opening paragraph as added by chapter  200
of  the  laws  of  1987 and subdivision 9 as added by chapter 485 of the
laws of 1996, are amended and three new subdivisions 10, 11 and  12  are
added to read as follows:
  [Any]  EXCEPT  AS  PROVIDED  IN  SUBDIVISION  TEN OF THIS SECTION, ANY
application form or preapproved written solicitation  to  enter  into  a
credit  card agreement for personal, family, or household purposes which
is mailed to an individual residing in this state on  or  after  January
first,  nineteen hundred eighty-eight, by or on behalf of [a] AN issuer,
whether or not the issuer is located in this state, other than an appli-
cation form or solicitation included in a magazine, newspaper, or  other
publication  distributed  by  someone  other  than  the issuer, and, any
application primarily for a credit card to be used for personal,  family
or  household  purposes  which  is distributed or made available in this
state to a resident of this state on or after  January  first,  nineteen
hundred  eighty-eight  in  an office or other place of business owned or
operated by the issuer, shall contain the following disclosures in chart
form and shall put chart headings in bold face  type  of  at  least  ten
point in size and material inside the chart of at least eight point type
in  size.  Such chart shall use substantially the same format and termi-
nology shown below.   In  completing  the  chart  with  the  information
required  for each category, the guidelines hereinafter contained in the
corresponding subdivisions numbered one through four shall be utilized:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01107-01-5
              

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