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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Requires lending institutions that send unsolicited mail-loan checks to clearly state in solicitation letter the interest rate to be applied to such loan and to demonstrate the total cost of loan in a dollar amount, at interest rate, over periods of six months, one year, and three years.
Sponsors
Sponsors by party (alphabetical): Democratic/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Kevin Parker | Primary sponsor | Democratic/Working Families | Senate | 21 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO BANKS
- REFERRED TO BANKS