---
type: "Bill"
title: "Enacts the \"consumer credit fairness act\""
description: "Enacts the \"consumer credit fairness act\"; establishes a 3 year statute of limitations for commencement of a cause of action arising out of a consumer credit transaction where the defendant is a purchaser, borrower or debtor; establishes a notice of lawsuit which must be mailed to the defendant in such a cause of action; establishes certain requirements for the complaint in such an action; provides for arbitration of such actions."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2021-2022"
identifier: "S 153"
citation: "New York S 153 (2021-2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["THOMAS"]
version_count: 1
action_count: 13
vote_count: 3
first_action: "2021-01-06"
last_action: "2021-11-08"
source: "openstates"
source_identifier: "ocd-bill/cd70a80f-82c6-4863-b95f-aa21fdec0b4f"
source_url: "http://www.nysenate.gov/legislation/bills/2021/S153"
source_hash: "d013433d36f4c9892e073142000d304c1d40c9d72615bb44ebe4e816324b26a6"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---

# New York S 153 (2021-2022) — Enacts the "consumer credit fairness act"

Enacts the "consumer credit fairness act"; establishes a 3 year statute of limitations for commencement of a cause of action arising out of a consumer credit transaction where the defendant is a purchaser, borrower or debtor; establishes a notice of lawsuit which must be mailed to the defendant in such a cause of action; establishes certain requirements for the complaint in such an action; provides for arbitration of such actions.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **S153** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S153&term=2021&Text=Y)

## Votes

- Floor Vote — **43–20** (pass) · upper
- Judiciary Vote — **11–4** (pass) · upper
- Assembly Vote — **103–45** (pass) · lower

## Sponsors

- THOMAS — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-01-06** REFERRED TO JUDICIARY `referral-committee`
- **2021-02-23** 1ST REPORT CAL.405
- **2021-02-24** 2ND REPORT CAL.
- **2021-03-01** ADVANCED TO THIRD READING
- **2021-05-25** PASSED SENATE `passage`
- **2021-05-25** DELIVERED TO ASSEMBLY
- **2021-05-25** REFERRED TO CODES `referral-committee`
- **2021-06-02** SUBSTITUTED FOR A2382
- **2021-06-02** ORDERED TO THIRD READING CAL.350
- **2021-06-02** PASSED ASSEMBLY `passage`
- **2021-06-02** RETURNED TO SENATE
- **2021-10-27** DELIVERED TO GOVERNOR `executive-receipt`
- **2021-11-08** SIGNED CHAP.593 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cd70a80f-82c6-4863-b95f-aa21fdec0b4f`. Confidence: reported (aggregated from official New York legislature records).