S 6388 NY
Provides for electronic notice for collateral loan brokers
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Summary
This bill allows collateral loan brokers to provide electronic notice through email or text message. The bill permits notices of intention to sell collateral to be delivered electronically. The bill also permits notices of surplus to be delivered through electronic means. These electronic notification methods serve as alternatives to traditional paper-based notices. The change modernizes notification procedures for collateral loan transactions.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
Provides for notice of intention to sell and notice of surplus to be made by e-mail or text message.
Sponsor (1)
- Pete Harckham Democratic · primary
Action history (8)
- Mar 13, 2025 REFERRED TO CONSUMER PROTECTION · upper
- Jan 7, 2026 REFERRED TO CONSUMER PROTECTION · upper
- Mar 4, 2026 AMEND AND RECOMMIT TO CONSUMER PROTECTION · upper
- Mar 4, 2026 PRINT NUMBER 6388A · upper
- Apr 28, 2026 1ST REPORT CAL.833 · upper
- Apr 29, 2026 2ND REPORT CAL. · upper
- May 4, 2026 ADVANCED TO THIRD READING · upper
- May 29, 2026 SUBSTITUTED BY A3228A · upper
Full text
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