New York legislation · 2025-2026 General Assembly
New York A8744: 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 4, 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, June 4, 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 (D) ANY FEDERAL, …
Sponsors
- Chantel Jackson (D, 79) · primary sponsor
Latest actions
- : PRINT NUMBER 8744A
- : AMEND (T) AND RECOMMIT TO CONSUMER AFFAIRS AND PROTECTION
- : REFERRED TO CONSUMER AFFAIRS AND PROTECTION
- : REFERRED TO CONSUMER AFFAIRS AND PROTECTION
Subjects: General Business Law
Common questions
- What is A8744?
- A8744 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 A8744 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 A8744?
- In committee as of June 4, 2026. Latest action: PRINT NUMBER 8744A (June 4, 2026).
- Who sponsored A8744?
- Chantel Jackson (D, 79).
- Where is the official record for A8744?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A8744
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.