New York A 1964: Requires the provision of a warranty on certain medical devices

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A01964 Summary:

BILL NOA01964 

&nbsp

SAME ASSAME AS S03164

&nbsp

SPONSORRosenthal (MS)

&nbsp

COSPNSRSimon, Hyndman, Cruz, Colton, De Los Santos

&nbsp

MLTSPNSRHevesi, Manktelow, McDonough

&nbsp

Amd §7-103, Gen Ob L

&nbsp

Relates to permitting lessees the option to pay security deposits in six or fewer equal installments.

Go to top A01964 Actions:

BILL NOA01964 

&nbsp

01/14/2025referred to judiciary

01/07/2026referred to judiciary

Go to topA01964 Committee&nbspVotes:

Go to topA01964 Floor&nbspVotes:

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

Go to topA01964 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1964

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 14, 2025
 ___________

 Introduced by M. of A. ROSENTHAL, SIMON, HYNDMAN, CRUZ, COLTON,
 DE LOS SANTOS -- Multi-Sponsored by -- M. of A. HEVESI, MANKTELOW,
 McDONOUGH -- read once and referred to the Committee on Judiciary

 AN ACT to amend the general obligations law, in relation to permitting
 lessees the option to pay security deposits in installments

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

 1 Section 1. Section 7-103 of the general obligations law is amended by
 2 adding a new subdivision 2-c to read as follows:
 3 2-c. For any deposit or advance under this section, the person making
 4 such deposit or advance shall have the option to pay such deposit or
 5 advance in installments.
 6 (a) Such installments shall be due on the first of each subsequent
 7 month until the deposit or advance is paid in full.
 8 (b) For leases under this section of a term of one year or longer,
 9 tenants shall be allowed to pay not more than six consecutive and equal
 10 installments.
 11 (c) Landlords shall not impose any additional fees or interest on a
 12 tenant that pays such tenant's security deposit or advance under this
 13 subdivision.
 14 (d) Any agreement to pay a security deposit in installments shall be
 15 included within such contract or agreement and shall specify the total
 16 deposit amount due and the amount due for each installment.
 17 (e) This subdivision shall apply to any deposit, advance or non-re-
 18 fundable fee used as a down payment for use of rental property.
 19 (f) Any person who violates the provisions of this subdivision shall
 20 be punished by a civil fine of up to fifteen percent of the annual rent
 21 under such contract or agreement.
 22 § 2. This act shall take effect on the sixtieth day after it shall
 23 have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05231-01-5

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