New York S 3789: Relates to the creation of a bill of rights for family and guardians of people with developmental disabilities that reside in residences certified or approved by the OPWDD

Bill Text

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 Speaker Carl E. Heastie

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S03789 Summary:

BILL NOS03789C

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SAME ASSAME AS A03459-C

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SPONSORMYRIE

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COSPNSR

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MLTSPNSR

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Amd §408, Fin Serv L

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Relates to civil penalties for certain fraud or misrepresentation of a material fact with respect to a financial product or service.

Go to top S03789 Actions:

BILL NOS03789C

&nbsp

01/30/2025REFERRED TO BANKS

02/25/20251ST REPORT CAL.390

02/26/20252ND REPORT CAL.

03/03/2025ADVANCED TO THIRD READING 

05/19/2025AMENDED ON THIRD READING 3789A

06/13/2025COMMITTED TO RULES

01/07/2026REFERRED TO BANKS

05/12/20261ST REPORT CAL.1027

05/13/20262ND REPORT CAL.

05/14/2026ADVANCED TO THIRD READING 

05/19/2026AMENDED ON THIRD READING 3789B

06/02/2026AMENDED ON THIRD READING 3789C

06/05/2026COMMITTED TO RULES

Go to topS03789 Committee&nbspVotes:

Go to topS03789 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS03789 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3789--C
 Cal. No. 1027

 2025-2026 Regular Sessions

 IN SENATE

 January 30, 2025
 ___________

 Introduced by Sen. MYRIE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Banks -- reported favora-
 bly from said committee, ordered to first and second report, ordered
 to a third reading, amended and ordered reprinted, retaining its place
 in the order of third reading -- recommitted to the Committee on Banks
 in accordance with Senate Rule 6, sec. 8 -- reported favorably from
 said committee, ordered to first and second report, ordered to a third
 reading, amended and ordered reprinted, retaining its place in the
 order of third reading -- again amended and ordered reprinted, retain-
 ing its place in the order of third reading

 AN ACT to amend the financial services law, in relation to civil penal-
 ties for certain fraud or misrepresentation of a material fact with
 respect to a financial product or service

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Paragraph 1 of subsection (a) of section 408 of the finan-
 2 cial services law is amended and a new subsection (c) is added to read
 3 as follows:
 4 (1) not to exceed five thousand dollars per offense, for:
 5 (A) (i) any [intentional] fraud [or intentional misrepresentation]
 6 with respect to a financial product or service or involving any person
 7 offering to provide or providing financial products or services; or
 8 (ii) any representation or omission of a material fact with respect to
 9 a financial product or service or involving any person offering to
 10 provide or providing financial products or services that misleads or is
 11 likely to mislead a consumer when the consumer's interpretation of the
 12 representation or omission is reasonable under the circumstances; [or]
 13 (B) any violation of state or federal fair debt collection practices
 14 or federal or state fair lending laws; or
 15 (C) any act or practice that:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05052-09-6

 S. 3789--C 2

 1 (i) causes or is likely to cause substantial injury to consumers which
 2 is not reasonably avoidable by consumers; and
 3 (ii) such substantial injury is not outweighed by countervailing bene-
 4 fits to consumers or to competition; and
 5 (c) This section shall not be construed to limit any other criminal or
 6 civil liability such entity may be subject to under law.
 7 § 2. This act shall take effect immediately.

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