| BILL NO | A07558A |
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| SAME AS | SAME AS S04398-A
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| SPONSOR | Weinstein |
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| COSPNSR | Wright, Colton, Jaffee, Boyland, Millman, Titus, Gibson, DenDekker, Englebright |
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| MLTSPNSR | Cymbrowitz, Perry |
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| Amd SS213, 3012, & 3215, amd RR3016 & 3211, add SS214-f, 306-c & 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. |
