New York legislation · 2025-2026 General Assembly
New York A11293: Requires covered lenders to report to the department of financial services certain information on covered loans
Status: In committee, June 1, 2026
Requires covered lenders to report to the department of financial services certain information on covered loans; requires the superintendent of financial services to collect and maintain such data and to annually publish a report containing aggregated information regarding covered loans; requires the superintendent of financial services to promulgate rules and regulations to implement such provisions.
What the bill says
An act to amend the financial services law, in relation to reporting of covered loans.
From the amended text, June 1, 2026:
AN ACT to amend the financial services law, in relation to reporting of covered loans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. The financial services law is amended by adding a new article 8-A to read as follows: ARTICLE 8-A COVERED LOAN REPORTING SECTION 820. DEFINITIONS. 821. REPORTING REQUIRED. 822. FORM AND FILING. 823. ANNUAL REPORT. 824. REGULATIONS. 825. PENALTIES. 826. SEVERABILITY. 827. PREEMPTION. § 820. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) (1) "COVERED LOAN" SHALL MEAN ANY EXTENSION OF MONEY OR CREDIT THAT EXCEEDS TWENTY-FIVE THOUSAND DOLLARS OR SERIES OF EXTENSIONS OF MONEY OR CREDIT MADE WITHIN TWELVE MONTHS TO THE SAME BORROWER THAT EXCEEDS AN AGGREGATE OF TWENTY-FIVE THOUSAND DOLLARS MADE TO A RESIDENT OF THIS STATE, FOR PERSONAL USE OR FOR COMMERCIAL PURPOSES, INCLUDING COMMERCIAL FINANCING, IN EXCHANGE FOR THE BORROWER'S AGREEMENT TO REPAY AN AMOUNT GREATER THAN THE AMOUNT FINANCED, EXTENDED, OR PURCHASED THROUGH INTEREST, FINANCE CHARGES, FEES, OR OTHER COMPENSATION FOR THE USE OF SUCH MONEY OR CREDIT. (2) "COVERED LOAN" SHALL NOT matter in brackets [ ] is old law to be omitted. LBD15821-02-6 A. 11293--A 2 (A) OPEN-END CREDIT PLANS SUBJECT TO THE FEDERAL TRUTH IN LENDING ACT AND REGULATION Z …
Sponsors
- Clyde Vanel (D, 33) · primary sponsor
Latest actions
- : PRINT NUMBER 11293A
- : AMEND AND RECOMMIT TO WAYS AND MEANS
- : REPORTED REFERRED TO WAYS AND MEANS
- : REPORTED REFERRED TO CODES
- : REFERRED TO BANKS
Votes
- Assembly Codes Committee: Favorable refer to committee Ways and Means (May 28, 2026): 13 yea, 5 nay, passed
- Assembly Banks Committee: Favorable refer to committee Codes (May 11, 2026): 19 yea, 7 nay, passed
Subjects: Financial Services Law
Common questions
- What is A11293?
- A11293 is a bill in the New York Legislature (2025-2026 General Assembly): Requires covered lenders to report to the department of financial services certain information on covered loans.
- What does A11293 do?
- In its own words: An act to amend the financial services law, in relation to reporting of covered loans.
- What is the status of A11293?
- In committee as of June 1, 2026. Latest action: PRINT NUMBER 11293A (June 1, 2026).
- Who sponsored A11293?
- Clyde Vanel (D, 33).
- Where is the official record for A11293?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A11293
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.