---
type: "Bill"
title: "Relates to the rate of interest on money judgments in certain actions involving consumer debt"
description: "Provides that the rate of interest on money judgments in actions involving consumer debt where the defendant is a natural person shall be calculated at a rate of two percent."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2021-2022"
identifier: "S 5724"
citation: "New York S 5724 (2021-2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["THOMAS"]
version_count: 2
action_count: 14
vote_count: 3
first_action: "2021-03-17"
last_action: "2021-12-31"
source: "openstates"
source_identifier: "ocd-bill/1a81f485-2c80-43b4-9ee2-ca607714be3c"
source_url: "http://www.nysenate.gov/legislation/bills/2021/S5724"
source_hash: "74d4bd613bea9acf5fce2c405f988121df5d3f8ba83ab6b88b906f4741fe2af4"
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 5724 (2021-2022) — Relates to the rate of interest on money judgments in certain actions involving consumer debt

Provides that the rate of interest on money judgments in actions involving consumer debt where the defendant is a natural person shall be calculated at a rate of two percent.

## Version chain

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

1. **S5724** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S5724&term=2021&Text=Y)
2. **S5724A** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2021/S5724A)

## Votes

- Judiciary Vote — **13–2** (pass) · upper
- Assembly Vote — **107–42** (pass) · lower
- Floor Vote - Version: A — **45–18** (pass) · upper

## Sponsors

- THOMAS — primary (person)
- BIAGGI — cosponsor (person)
- BROOKS — cosponsor (person)
- JACKSON — cosponsor (person)
- KRUEGER — cosponsor (person)
- MYRIE — cosponsor (person)
- RAMOS — cosponsor (person)
- RIVERA — cosponsor (person)
- SEPULVEDA — cosponsor (person)

## Timeline

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

- **2021-03-17** REFERRED TO JUDICIARY `referral-committee`
- **2021-05-11** 1ST REPORT CAL.1003
- **2021-05-12** 2ND REPORT CAL.
- **2021-05-19** ADVANCED TO THIRD READING
- **2021-06-03** AMENDED ON THIRD READING 5724A `amendment-passage`
- **2021-06-08** PASSED SENATE `passage`
- **2021-06-08** DELIVERED TO ASSEMBLY
- **2021-06-08** REFERRED TO CODES `referral-committee`
- **2021-06-10** SUBSTITUTED FOR A6474A
- **2021-06-10** ORDERED TO THIRD READING CAL.328
- **2021-06-10** PASSED ASSEMBLY `passage`
- **2021-06-10** RETURNED TO SENATE
- **2021-12-20** DELIVERED TO GOVERNOR `executive-receipt`
- **2021-12-31** SIGNED CHAP.831 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1a81f485-2c80-43b4-9ee2-ca607714be3c`. Confidence: reported (aggregated from official New York legislature records).