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S1859 • 2025

Requires issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account

Requires issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Zellnor Myrie
Last action
2026-06-05
Official status
In Senate Committee
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.

Requires issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account

Requires issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account Requires issuers of credit cards to give the cardholder at least thirty days written notice via email, text message, or written letter before closing, cancelling, or terminating the cardholder's account.

What This Bill Does

  • Requires issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account Requires issuers of credit cards to give the cardholder at least thirty days written notice via email, text message, or written letter before closing, cancelling, or terminating the cardholder's account.

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. 2026-06-05 Senate

    COMMITTED TO RULES

  2. 2026-05-11 Senate

    AMENDED ON THIRD READING (T) 1859A

  3. 2026-03-19 Senate

    ADVANCED TO THIRD READING

  4. 2026-03-18 Senate

    2ND REPORT CAL.

  5. 2026-03-17 Senate

    1ST REPORT CAL.540

  6. 2026-01-07 Assembly

    DIED IN ASSEMBLY

  7. 2026-01-07 Assembly

    RETURNED TO SENATE

  8. 2026-01-07 Senate

    REFERRED TO CONSUMER PROTECTION

  9. 2025-05-14 Senate

    PASSED SENATE

  10. 2025-05-14 Senate

    DELIVERED TO ASSEMBLY

  11. 2025-05-14 Assembly

    REFERRED TO CONSUMER AFFAIRS AND PROTECTION

  12. 2025-05-08 Senate

    ADVANCED TO THIRD READING

  13. 2025-05-07 Senate

    2ND REPORT CAL.

  14. 2025-05-06 Senate

    1ST REPORT CAL.942

  15. 2025-01-14 Senate

    REFERRED TO CONSUMER PROTECTION

Official Summary Text

Requires issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account
Requires issuers of credit cards to give the cardholder at least thirty days written notice via email, text message, or written letter before closing, cancelling, or terminating the cardholder's account.

Current Bill Text

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

                                          1859

                               2025-2026 Regular Sessions

                                    I N  S E N A T E

                                    January 14, 2025
                                       ___________

        Introduced  by  Sen.  MYRIE  -- 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  requiring
          issuers of credit cards to give the cardholder at least 45 days notice
          before closing the cardholder's account

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

     1    Section 1. The general business law is amended by adding a new section
     2  520-f to read as follows:
     3    § 520-F. ISSUER CANCELATION.   1. NO ISSUER  SHALL  CLOSE  A  HOLDER'S
     4  ACCOUNT  WITH  THE  ISSUER WITHOUT GIVING THE HOLDER AT LEAST FORTY-FIVE
     5  DAYS WRITTEN NOTICE VIA EMAIL, TEXT MESSAGE, OR WRITTEN LETTER THAT SUCH
     6  ACCOUNT IS BEING CLOSED.
     7    2. THE CANCELATION OR DEACTIVATION OF A CREDIT CARD  IN  VIOLATION  OF
     8  THE  PROVISIONS  OF  SUBDIVISION  ONE OF THIS SECTION SHALL CONSTITUTE A
     9  VIOLATION.
    10    § 2. This act shall take effect immediately.





         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05393-01-5