· NY legislature · 2025-2026

Requires lending institutions that send unsolicited mail-loan checks to clearly state the interest rate and the total cost of loan in a dollar amount

Requires lending institutions that send unsolicited mail-loan checks to clearly state in solicitation letter the interest rate to be applied to such loan and to demonstrate the total cost of loan in a dollar amount, at interest rate, over periods of six months, one year, and three years.

Sponsor

Kevin Parker (D-NY)

Introduced

2025-02-03

Latest action

REFERRED TO BANKS