New York A 10133: Relates to extending the expiration of the authorization to the county of Genesee to impose a county recording tax on certain mortgage obligation

Bill Text

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A10133 Summary:

BILL NOA10133A

&nbsp

SAME ASNo Same As

&nbsp

SPONSORVanel

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §3, Bank L

&nbsp

Regulates personal loans made by a lender to a resident of or person physically located in the state of New York; exempts certain lenders.

Go to top A10133 Actions:

BILL NOA10133A

&nbsp

02/03/2026referred to banks

02/04/2026amend (t) and recommit to banks

02/04/2026print number 10133a

02/25/2026reported referred to codes

Go to topA10133 Committee&nbspVotes:

Committee:BANKS Chair:Vanel 
DATE:02/25/2026AYE/NAY:16/12 Action: Favorable refer to committee Codes VanelAyeBolognaNay

WeprinAyeMikulinNay

TaylorAyeSmullenNay

SternAyeFitzpatrickNay

SayeghAyeLemondesNay

BurkeAyeDiPietroExcused

MitaynesNayChangNay

SeptimoNayChludzinskiNay

TapiaAyeMolitorNay

De Los SantosAye

CunninghamAye

LeeNay

RagaNay

BurdickAye

DaisAye

JacksonAye

TorresAbsent

HooksAye

WiederAye

WrightAye

YegerAye

Chandler-WatermAbsent

Go to topA10133 Floor&nbspVotes:

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

Go to topA10133 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10133--A

 IN ASSEMBLY

 February 3, 2026
 ___________

 Introduced by M. of A. VANEL -- read once and referred to the Committee
 on Banks -- committee discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee

 AN ACT to amend the banking law, in relation to personal loans and
 short-term lending conditions

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

 1 Section 1. The banking law is amended by adding a new section 3 to
 2 read as follows:
 3 § 3. True lender; personal loans; short-term lending conditions. 1. As
 4 used in this section, the following terms shall have the following mean-
 5 ings:
 6 (a) (i) "Personal loan" shall mean any extension of money or credit
 7 made to a natural person for household or personal use in exchange for
 8 such natural person's agreement to a certain set of terms, including,
 9 but not limited to, any finance charges, fees, interest, other consider-
 10 ation, or other conditions.
 11 (ii) "Personal loan" includes closed-end and open-end credit and any
 12 transaction conducted via any medium, including paper or electronic
 13 means, facsimile, internet, or telephone.
 14 (iii) The term "personal loan" shall not include:
 15 (A) open-end credit plans subject to the federal Truth in Lending Act
 16 and Regulation Z that are accessed by the use of a credit card or simi-
 17 lar device and that contemplate repeated transactions;
 18 (B) any extension of credit secured by a mortgage, deed of trust, or
 19 other consensual security interest in real property, including home
 20 equity lines of credit; or
 21 (C) any other extension of credit that is subject to a charter,
 22 license, or regulatory regime under this chapter or other provisions of
 23 New York state law that provides for ongoing supervision, examination,
 24 and enforcement authority by the superintendent, as determined by the
 25 superintendent pursuant to rules establishing objective criteria.
 26 (b) "Lender" shall mean:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13842-03-6

 A. 10133--A 2

 1 (i) Any person, including any affiliate or subsidiary of such person,
 2 that:
 3 (A) offers or makes a personal loan;
 4 (B) purchases or acquires a whole or partial interest in a personal
 5 loan or any receivable arising from a personal loan;
 6 (C) arranges, brokers, or facilitates a personal loan for a third
 7 party; or
 8 (D) acts as an agent for a third party in making a personal loan,
 9 regardless of whether approval, acceptance, or ratification by the third
 10 party is necessary to create a legal obligation for the third party.
 11 (ii) A person is a lender notwithstanding that such person purports to
 12 act as an agent, service provider, or in another capacity for another
 13 person that is exempt from this section or the laws of this state if any
 14 of the following apply:
 15 (A) such person holds, acquires, or maintains, directly or indirectly,
 16 the predominant economic interest in a personal loan;
 17 (B) such person markets, broke