Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 18, 2017 |
signed chap.487 |
Dec 06, 2017 |
delivered to governor |
Jun 20, 2017 |
returned to senate passed assembly |
Jun 19, 2017 |
ordered to third reading rules cal.418 substituted for a8098 |
Jun 19, 2017 |
substituted by s5152 |
Jun 15, 2017 |
ordered to third reading rules cal.418 rules report cal.418 reported |
Jun 13, 2017 |
reported referred to rules |
Jun 05, 2017 |
reported referred to codes |
May 26, 2017 |
referred to consumer affairs and protection |
Assembly Bill A8098
Signed By Governor2017-2018 Legislative Session
Sponsored By
KAVANAGH
Archive: Last Bill Status Via S5152 - Signed by Governor
- 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
Votes
co-Sponsors
Jeffrey Dinowitz
2017-A8098 (ACTIVE) - Details
2017-A8098 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8098 2017-2018 Regular Sessions I N A S S E M B L Y May 26, 2017 ___________ Introduced by M. of A. KAVANAGH, DINOWITZ -- read once and referred to the Committee on Consumer Affairs and Protection AN ACT to amend the personal property law, in relation to loan assignees THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 9 of section 302 of the personal property law, as amended by chapter 643 of the laws of 1978, is amended to read as follows: 9. (A) No retail instalment contract shall contain any provision by which the buyer agrees not to assert against an assignee a claim or defense arising out of the sale or require or entail the execution of any note or series of notes, which when separately negotiated will cut off as to third parties any right of action or defense which the buyer may have against the seller. The assignee of a retail installment contract or obligation shall be subject to all claims and defenses of the buyer against the seller arising from the sale notwithstanding any agreement to the contrary, but the assignee's liability under this subdivision shall not exceed the amount owing to the assignee at the time the claim or defense is asserted against the assignee. (B) LIMITATIONS ON ASSIGNEE LIABILITY REFERRED TO IN PARAGRAPH (A) OF THIS SUBDIVISION SHALL BE EXCLUSIVE OF ANY REASONABLE COSTS AND ATTOR- NEY'S FEES THE COURT MAY AWARD. § 2. This act shall take effect on the first of January next succeed- ing the date on which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03767-01-7
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