S 10202 NY
Removes certain language relating to requests for reconsideration of creditor determinations
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Summary
This bill amends the General Business Law to remove certain conditional language from provisions relating to debtor requests for reconsideration of creditor determinations. Specifically, the bill removes language that clarified submitting a request for reconsideration shall not be a condition to bringing legal action under section 604-cc of the General Business Law. The bill retains the substantive provisions allowing debtors to request reconsideration of a creditor's determination to recommence collection activities within thirty days and to submit additional documentation of coerced debt. Creditors who receive such requests have thirty days to review all information and complete their reconsideration. The bill takes effect on the same date and in the same manner as chapter 90 of the laws of 2026.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Official abstract
Removes certain conditional language relating to the submission of requests for reconsideration of creditor determinations.
Sponsor (1)
- Cordell Cleare Democratic · primary
Action history (1)
- May 5, 2026 REFERRED TO CONSUMER PROTECTION · upper
Text versions (2)
Full text
Full text imported from assembly.state.ny.us
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Bill No.: Summary Actions Committee Votes Floor Votes Memo Text LFIN Chamber Video/Transcript S10202 Summary: BILL NO S10202   SAME AS SAME AS A11254
  SPONSOR CLEARE   COSPNSR   MLTSPNSR   Amd §604-bb, Gen Bus L   Removes certain conditional language relating to the submission of requests for reconsideration of creditor determinations.
Go to top S10202 Text:
STATE OF NEW YORK ________________________________________________________________________
10202
IN SENATE
May 5, 2026 ___________
Introduced by Sen. CLEARE -- 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 removing certain language relating to requests for reconsideration of creditor determinations
The People of the State of New York, represented in Senate and Assem- bly, do enact as follows:
1 Section 1. Subdivision 4 of section 604-bb of the general business 2 law, as amended by chapter 90 of the laws of 2026, is amended to read as 3 follows: 4 4. A debtor who receives written notice under paragraph (c) of subdi- 5 vision three of this section that the creditor will recommence 6 collection activities against such debtor based on such creditor's 7 determination under subdivision three of this section may make a request 8 to the creditor that the creditor reconsider such determination to 9 recommence collection activities within thirty days of the date of mail- 10 ing of such written determination. A debtor requesting reconsideration 11 of a creditor's determination to recommence collection activities shall 12 be permitted to submit additional adequate documentation of coerced 13 debt, as defined in this article. A creditor who receives a debtors 14 request for reconsideration shall complete a review of all information, 15 including additional adequate documentation submitted, within thirty 16 days of receiving such request. Any further reconsideration of the cred- 17 itor's determination with regard to such particular debt shall be at the 18 discretion of the creditor. [ Submitting a request for reconsideration of 19 the determination to the creditor shall not be a condition to bringing 20 an action under section six hundred four-cc of this article. ] 21 § 2. This act shall take effect on the same date and in the same 22 manner as chapter 90 of the laws of 2026, takes effect.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15737-01-6
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