Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 04, 2014 |
print number 5716a |
Feb 04, 2014 |
amend and recommit to finance |
Jan 08, 2014 |
referred to finance |
Jun 07, 2013 |
referred to finance |
Senate Bill S5716A
2013-2014 Legislative Session
Sponsored By
(R, C) 53rd Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
Actions
Bill Amendments
2013-S5716 - Details
- See Assembly Version of this Bill:
- A7332
- Current Committee:
- Senate Finance
- Law Section:
- Financial Services
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
A986
2017-2018: A684
2013-S5716 - Sponsor Memo
BILL NUMBER:S5716 TITLE OF BILL: An act to direct the department of financial services to study, evaluate and make recommendations concerning licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements PURPOSE: To direct the department of financial services to study, evaluate and make recommendations concerning businesses engaged in pension loan advancements. SUMMARY OF PROVISIONS: Section 1 authorizes and directs the department of financial services to study, evaluate and make recommendations concerning licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements. Section 2 authorizes and directs the department of financial services to hold public hearings while conducting its examination and evaluation of businesses engaged in pension loan advancements. Section 3 directs the department of financial services to submit a report on or before January 1, 2014 to the superintendent of financial services, the governor and the legislature with its findings, recommendations and regulatory proposals for businesses engaged in
2013-S5716 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5716 2013-2014 Regular Sessions I N S E N A T E June 7, 2013 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to direct the department of financial services to study, evaluate and make recommendations concerning licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The department of financial services is hereby authorized and directed to examine, evaluate and make recommendations concerning the licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements. S 2. The department of financial services shall hold public hearings in the course of conducting its examination and evaluation pursuant to this act. S 3. The department of financial services shall submit a report, on or before January 1, 2014, to the superintendent of financial services, the governor and the legislature of its findings, conclusions and recommen- dations, and shall submit with its report such legislative and regulato- ry proposals as it deems necessary to implement its recommendations. S 4. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10693-01-3
2013-S5716A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7332
- Current Committee:
- Senate Finance
- Law Section:
- Financial Services
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
A986
2017-2018: A684
2013-S5716A (ACTIVE) - Sponsor Memo
BILL NUMBER:S5716A TITLE OF BILL: An act to direct the department of financial services to study, evaluate and make recommendations concerning licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements PURPOSE: To direct the department of financial services to study, evaluate and make recommendations concerning businesses engaged in pension loan advancements. SUMMARY OF PROVISIONS: Section 1 authorizes and directs the department of financial services to study, evaluate and make recommendations concerning licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements. Section 2 authorizes and directs the department of financial services to hold public hearings while conducting its examination and evaluation of businesses engaged in pension loan advancements. Section 3 directs the department of financial services to submit a report on or before January 1, 2015 to the superintendent of financial
2013-S5716A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5716--A 2013-2014 Regular Sessions I N S E N A T E June 7, 2013 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- recommitted to the Committee on Finance in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to direct the department of financial services to study, evaluate and make recommendations concerning licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The department of financial services is hereby authorized and directed to examine, evaluate and make recommendations concerning the licensure, limits on fees and interest and disclosure practices of businesses engaged in pension loan advancements. S 2. The department of financial services shall hold public hearings in the course of conducting its examination and evaluation pursuant to this act. S 3. The department of financial services shall submit a report, on or before January 1, 2015, to the superintendent of financial services, the governor and the legislature of its findings, conclusions and recommen- dations, and shall submit with its report such legislative and regulato- ry proposals as it deems necessary to implement its recommendations. S 4. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10693-02-4
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