Enacts the "consumer credit fairness act"; establishes a 3 year statute of limitations for commencement of a cause of action arising out of a consumer credit transaction where the defendant is a purchaser, borrower or debtor; establishes a notice of lawsuit which must be mailed to the defendant in such a cause of action; establishes certain requirements for the complaint in such an action; provides for arbitration of such actions.

AB 2382 Enacts the "consumer credit fairness act"; establishes a 3 year statute of limitations for commencement of a cause of action arising out of a consumer credit transaction where the defendant is a purchaser, borrower or debtor; establishes a notice of lawsuit which must be mailed to the defendant in such a cause of action; establishes certain requirements for the complaint in such an action; provides for arbitration of such actions

New York 2021-2022 General Assembly

Enacts the "consumer credit fairness act"; establishes a 3 year statute of limitations for commencement of a cause of action arising out of a consumer credit transaction where the defendant is a purchaser, borrower or debtor; establishes a notice of lawsuit which must be mailed to the defendant in such a cause of action; establishes certain requirements for the complaint in such an action; provides for arbitration of such actions.
AB-2382


About AB-2382

Enacts the "consumer credit fairness act"; establishes a 3 year statute of limitations for commencement of a cause of action arising out of a consumer credit transaction where the defendant is a purchaser, borrower or debtor; establishes a notice of lawsuit which must be mailed to the defendant in such a cause of action; establishes certain requirements for the complaint in such an action; provides for arbitration of such actions.

  

Bill Texts

Introduced 01/19/2021

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Sponsors (17)

Votes

Assembly Codes Committee: Favorable

05/12/2021

Yeas: 15 | Nays: 6
Support by Party

   

Assembly Judiciary Committee: Favorable refer to committee Codes

05/04/2021

Yeas: 15 | Nays: 6
Support by Party

   

Sponsors by party

  

Bill Sponsors

History

Substituted By S153

06/02/2021

Advanced To Third Reading Cal.350

05/13/2021

Reported

05/12/2021

Reported Referred To Codes

05/04/2021

Referred To Judiciary

01/19/2021