Fabio
85 lines
4.1 KiB
Markdown
85 lines
4.1 KiB
Markdown
---
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type: "Bill"
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title: "Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient"
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description: "Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient, including information concerning the financing amount, finance charges, the annual percentage rate, the total repayment amount, the term, payment amounts, other potential fees, any prepayment costs and a description of any collateral requirements."
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jurisdiction: "us/states/ny"
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legislature: "New York Legislature"
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session: "2019-2020"
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identifier: "S 5470"
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citation: "New York S 5470 (2019-2020)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["THOMAS"]
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version_count: 3
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action_count: 18
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vote_count: 4
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first_action: "2019-05-01"
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last_action: "2020-12-23"
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source: "openstates"
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source_identifier: "ocd-bill/28592d71-343c-4392-b641-de982fe0d262"
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source_url: "http://www.nysenate.gov/legislation/bills/2019/S5470"
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source_hash: "6c36abee6cfea09b947748e9fd58bebfb33339d8d0d7b54a58147740a7776438"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ny"]
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---
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# New York S 5470 (2019-2020) — Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient
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Requires certain providers that extend specific terms of commercial financing to a recipient to disclose certain information about the offer to the recipient, including information concerning the financing amount, finance charges, the annual percentage rate, the total repayment amount, the term, payment amounts, other potential fees, any prepayment costs and a description of any collateral requirements.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **S5470** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S5470&term=2019&Text=Y)
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2. **S5470A** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2019/S5470A)
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3. **S5470B** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2019/S5470B)
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## Votes
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- Floor Vote - Version: B — **43–17** (pass) · upper
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- Banks Vote - Version: B — **9–2** (pass) · upper
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- Rules Vote - Version: B — **15–4** (pass) · upper
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- Assembly Vote — **125–16** (pass) · lower
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## Sponsors
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- THOMAS — primary (person)
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- CARLUCCI — cosponsor (person)
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- KAPLAN — cosponsor (person)
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- LIU — cosponsor (person)
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- MYRIE — cosponsor (person)
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- RAMOS — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-05-01** REFERRED TO BANKS `referral-committee`
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- **2020-01-08** REFERRED TO BANKS `referral-committee`
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- **2020-03-13** AMEND (T) AND RECOMMIT TO BANKS `referral-committee, amendment-passage`
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- **2020-03-13** PRINT NUMBER 5470A `amendment-passage`
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- **2020-07-13** AMEND AND RECOMMIT TO BANKS `referral-committee, amendment-passage`
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- **2020-07-13** PRINT NUMBER 5470B `amendment-passage`
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- **2020-07-21** REPORTED AND COMMITTED TO RULES `referral-committee`
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- **2020-07-22** ORDERED TO THIRD READING CAL.886
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- **2020-07-23** PASSED SENATE `passage`
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- **2020-07-23** DELIVERED TO ASSEMBLY
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- **2020-07-23** REFERRED TO CODES `referral-committee`
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- **2020-07-23** SUBSTITUTED FOR A10118A
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- **2020-07-23** ORDERED TO THIRD READING RULES CAL.264
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- **2020-07-23** PASSED ASSEMBLY `passage`
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- **2020-07-23** RETURNED TO SENATE
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- **2020-12-11** DELIVERED TO GOVERNOR `executive-receipt`
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- **2020-12-23** SIGNED CHAP.369 `executive-signature`
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- **2020-12-23** APPROVAL MEMO.65
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/28592d71-343c-4392-b641-de982fe0d262`. Confidence: reported (aggregated from official New York legislature records).
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