New York legislation · 2025-2026 General Assembly
New York S1859: Requires issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account
Status: In committee, June 5, 2026
Requires issuers of credit cards to give the cardholder at least thirty days written notice via email, text message, or written letter before closing, cancelling, or terminating the cardholder's account.
What the bill says
An act to amend the general business law, in relation to requiring issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account.
From the amended text, May 11, 2026:
AN ACT to amend the general business law, in relation to requiring issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. The general business law is amended by adding a new section 520-f to read as follows: § 520-F. ISSUER CANCELLATION. 1. NOTICE REQUIRED. NO ISSUER SHALL CLOSE, CANCEL, OR TERMINATE A HOLDER'S ACCOUNT WITH THE ISSUER FOR THE EXTENSION OF CREDIT THROUGH THE USE OF A CREDIT CARD WITHOUT PROVIDING THE HOLDER WRITTEN NOTICE VIA EMAIL, TEXT MESSAGE, OR WRITTEN LETTER AT LEAST THIRTY DAYS BEFORE THE EFFECTIVE DATE OF SUCH CLOSURE, CANCELLATION, OR TERMINATION. 2. EXCEPTIONS. THE PROVISIONS OF THIS SECTION SHALL NOT APPLY IF AN ISSUER CLOSES, CANCELS, OR TERMINATES A HOLDER'S ACCOUNT WITH THE ISSUER FOR THE EXTENSION OF CREDIT THROUGH THE USE OF A CREDIT CARD BECAUSE OF: (A) FRAUD, MISUSE, IDENTITY THEFT, OR UNAUTHORIZED USE AFFECTING THE ACCOUNT; (B) DELINQUENCY, DEFAULT, OR OTHER FAILURE BY THE HOLDER TO COMPLY WITH THE TERMS AND CONDITIONS GOVERNING THE ACCOUNT; (C) THE HOLDER'S BANKRUPTCY, INSOLVENCY, RECEIVERSHIP, DEATH, LEGAL INCAPACITY, OR INABILITY TO REPAY OR OTHERWISE PERFORM OBLIGATIONS UNDER THE CREDIT CARD AGREEMENT; OR EXPLANATION--Matter in ITALICS …
Sponsors
- Zellnor Myrie (D, 20) · primary sponsor
Latest actions
- : COMMITTED TO RULES
- : AMENDED ON THIRD READING (T) 1859A
- : ADVANCED TO THIRD READING
- : 2ND REPORT CAL.
- : 1ST REPORT CAL.540
- : REFERRED TO CONSUMER PROTECTION
- : RETURNED TO SENATE
- : DIED IN ASSEMBLY
- : REFERRED TO CONSUMER AFFAIRS AND PROTECTION
- : DELIVERED TO ASSEMBLY
Votes
- Senate Consumer Protection Committee: COMMITTEE Vote (March 17, 2026): 5 yea, 2 nay, passed
- Consumer Protection Committee Vote (March 17, 2026): 5 yea, 2 nay, passed
- FLOOR Vote (May 14, 2025): 41 yea, 16 nay, passed
- Senate Consumer Protection Committee: COMMITTEE Vote (May 6, 2025): 6 yea, 1 nay, passed
- Consumer Protection Committee Vote (May 6, 2025): 6 yea, 1 nay, passed
Subjects: General Business Law
Common questions
- What is S1859?
- S1859 is a bill in the New York Legislature (2025-2026 General Assembly): Requires issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account.
- What does S1859 do?
- In its own words: An act to amend the general business law, in relation to requiring issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account.
- What is the status of S1859?
- In committee as of June 5, 2026. Latest action: COMMITTED TO RULES (June 5, 2026).
- Who sponsored S1859?
- Zellnor Myrie (D, 20).
- Where is the official record for S1859?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S1859
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.