New York bills · 2025 Regular Session
New York S 10127
Extends the interest rate caps and criminal usury framework to covered services
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Rachel May (Democratic/Working Families)
Summary
Official abstract published by the New York legislature
Extends the interest rate caps and criminal usury framework to covered services including but not limited to, retail installment contracts, merchant cash advances, invoice financing, revenue-based financing, or any transaction that in substance functions as the advance of funds in exchange for a future payment or obligation, regardless of the label assigned to such transaction.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Apr 30, 2026 · Senate
REFERRED TO JUDICIARY