Relates to providing financial consumer protections for small businesses

This bill expands existing consumer financial protections to small businesses by amending key laws. It defines a "small business" as an in-state, independently owned entity with 100 or fewer employees that isn't dominant in its field. The law now allows small businesses to recover **twice the interest paid** if lenders charge usurious rates (exceeding legal limits), under sections of the general obligations law and banking law. These changes directly affect small businesses in New York state seeking relief from excessive interest charges on loans. The bill takes effect immediately upon enactment.