S 9570 New York Senate · 2025 Regular Session

Relates to the prohibition of lending institutions issuing unsolicited mail-loan checks

Summary

Relates to the prohibition of lending institutions issuing mail-loan checks except in response to an affirmative request or application therefor; provides that any debt, interest, fee or other obligation arising from a mail-loan check issued in violation of this section shall be null and void and unenforceable.

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2026

Committee Review

Floor Vote

Governor

Introduced Mar 25, 2026 Last action Jun 2, 2026

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What changed between versions

S9570 → S9570A · 3 edits

MINOR

The bill was amended to strengthen protections against unsolicited mail-loan checks by clarifying that consumers must make an affirmative request to receive them. The amendment also adds a new provision stating that any debt arising from such unsolicited checks is unenforceable and must be refunded, while prohibiting lenders from using affiliates or third parties to evade these rules.

Scope change

The bill's scope was expanded to explicitly cover evasion attempts by affiliates or third-party service providers, and it added specific consequences (unenforceability of debt) for violations.

REQUIREMENT

The requirement for issuing mail-loan checks was clarified to demand an 'affirmative request' from the recipient, rather than just a general request.

New restrictions were added to prevent lenders from using affiliates, third-party agents, or other devices to structure checks in a way that evades the law's prohibitions.

ENFORCEMENT

A new provision was added stating that any debt, interest, or fees from an unsolicited mail-loan check are null and void and unenforceable, requiring refunds to consumers.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 1, 2026

Upper · Passed

PRINT NUMBER 9570A

upper

Apr 1, 2026

Upper · Passed

AMEND AND RECOMMIT TO BANKS

upper

Mar 25, 2026

Committee

REFERRED TO BANKS

upper

1 primary · 0 co-sponsors