| BILL NO | A00633A |
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| SAME AS | SAME AS S00677-A
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| SPONSOR | Weinstein (MS) |
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| COSPNSR | Wright, Jaffee, Boyland, Millman, Titus, Gibson, Rivera P, Titone, Lancman, Castro, Roberts,
Gunther, Colton, Rosenthal, Weprin, Galef, Abinanti |
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| MLTSPNSR | Crespo, Cymbrowitz, Glick, Gottfried, Hikind, Jacobs, McEneny, Perry, Schimel |
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| Amd SS213, 3012, & 3215, amd RR3016 & 3211, add SS214-f, 306-d & 7515, CPLR |
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| 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. |
