New York · 2025 Regular Session · Bill

S 4129: Requires lending institutions that send unsolicited mail-loan checks to clearly state the interest rate and the total cost of loan in a dollar amount

In committee Last action January 7, 2026: REFERRED TO BANKS

Plain-language summary

S 4129 is a bill introduced in the New York Senate on February 3, 2025. According to its official title, it concerns: Requires lending institutions that send unsolicited mail-loan checks to clearly state the interest rate and the total cost of loan in a dollar amount. Primary sponsor: Kevin Parker (Democratic/Working Families). Most recent recorded action (January 7, 2026): REFERRED TO BANKS.

Sponsors

Primary sponsor: Kevin Parker (Democratic/Working Families).