A11302 (2025-26 session)
NY State bill
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.
- Title
- Extends the interest rate caps and criminal usury framework to covered services
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-05-11
- In committee
- Judiciary
- Introduced
- 2026-05-11
- Same as
- S10127
- Law section
- General Obligations Law
Sponsors
- Nily Rozic Assembly Member, District 25
Heard in committee
- Judiciary NY State Assembly committee