New York · 2025 Regular Session · Bill

S 5600: Provides for a cap on the credit service charge computed and collected on a retail instalment contract

Passed one chamber Last action March 23, 2026: REFERRED TO CONSUMER AFFAIRS AND PROTECTION

Plain-language summary

S 5600 is a bill introduced in the New York Senate on February 25, 2025. According to its official title, it concerns: Provides for a cap on the credit service charge computed and collected on a retail instalment contract. Primary sponsor: Rachel May (Democratic/Working Families). It lists 1 additional sponsor. Most recent recorded action (March 23, 2026): REFERRED TO CONSUMER AFFAIRS AND PROTECTION.

Sponsors

Primary sponsor: Rachel May (Democratic/Working Families). 1 co-sponsor.