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A11004 • 2025

Extends certain provisions relating to installment loans and obligations evidencing installment loans

Extends certain provisions relating to installment loans and obligations evidencing installment loans

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Michaelle C. Solages
Last action
2026-06-04
Official status
Passed Senate
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Extends certain provisions relating to installment loans and obligations evidencing installment loans

Extends certain provisions relating to installment loans and obligations evidencing installment loans Extends certain provisions relating to installment loans and obligations evidencing installment loans to 2029.

What This Bill Does

  • Extends certain provisions relating to installment loans and obligations evidencing installment loans Extends certain provisions relating to installment loans and obligations evidencing installment loans to 2029.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-04 Senate

    SUBSTITUTED FOR S9901

  2. 2026-06-04 Senate

    3RD READING CAL.1424

  3. 2026-06-04 Senate

    PASSED SENATE

  4. 2026-06-04 Senate

    RETURNED TO ASSEMBLY

  5. 2026-05-04 Assembly

    PASSED ASSEMBLY

  6. 2026-05-04 Assembly

    DELIVERED TO SENATE

  7. 2026-05-04 Senate

    REFERRED TO LOCAL GOVERNMENT

  8. 2026-04-30 Assembly

    ADVANCED TO THIRD READING CAL.437

  9. 2026-04-28 Assembly

    REPORTED

  10. 2026-04-21 Assembly

    REPORTED REFERRED TO WAYS AND MEANS

  11. 2026-04-16 Assembly

    REFERRED TO LOCAL GOVERNMENTS

Official Summary Text

Extends certain provisions relating to installment loans and obligations evidencing installment loans
Extends certain provisions relating to installment loans and obligations evidencing installment loans to 2029.

Current Bill Text

Read the full stored bill text 
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          11004

                                  I N  A S S E M B L Y

                                     April 16, 2026
                                       ___________

        Introduced  by  M.  of  A.  SOLAGES  -- (at request of the Environmental
          Facilities Corporation) -- read once and referred to the Committee  on
          Local Governments

        AN  ACT  to  amend  chapter  492  of the laws of 1993 amending the local
          finance law relating to installment loans and  obligations  evidencing
          installment loans, in relation to extending the effectiveness thereof

          THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. Section 3 of chapter 492 of the laws of 1993, amending  the
     2  local finance law relating to installment loans and obligations evidenc-
     3  ing installment loans, as amended by chapter 342 of the laws of 2023, is
     4  amended to read as follows:
     5    §  3.  This act shall take effect immediately and shall remain in full
     6  force and effect until September 30, [2026] 2029, at which time it shall
     7  be deemed repealed.
     8    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15008-01-6