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S9901 • 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
Christopher Ryan
Last action
2026-06-04
Official status
Senate Floor Calendar
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 BY A11004

  2. 2026-05-28 Senate

    COMMITTEE DISCHARGED AND COMMITTED TO RULES

  3. 2026-05-28 Senate

    ORDERED TO THIRD READING CAL.1424

  4. 2026-05-05 Senate

    REPORTED AND COMMITTED TO FINANCE

  5. 2026-04-13 Senate

    REFERRED TO LOCAL GOVERNMENT

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
        ________________________________________________________________________

                                          9901

                                    I N  S E N A T E

                                     April 13, 2026
                                       ___________

        Introduced  by  Sen. C. RYAN -- (at request of the Environmental Facili-
          ties Corporation) -- read twice and ordered printed, and when  printed
          to be committed to the Committee on Local Government

        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