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New York · 2025 Regular Session · Bill

S 4607: Relates to asset-based lending transactions

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

S 4607 is a bill introduced in the New York Senate on February 10, 2025. According to its official title, it concerns: Relates to asset-based lending transactions. Primary sponsor: James Sanders (Democratic). Most recent recorded action (June 5, 2026): COMMITTED TO RULES.

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.

Deems asset-based lending transactions to be loans for all purposes.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
James SandersPrimary sponsorDemocraticSenate10

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. COMMITTED TO RULES
  2. ADVANCED TO THIRD READING
  3. 2ND REPORT CAL.
  4. 1ST REPORT CAL.1029
  5. REFERRED TO BANKS
  6. COMMITTED TO RULES
  7. ADVANCED TO THIRD READING
  8. 2ND REPORT CAL.
  9. 1ST REPORT CAL.934
  10. REFERRED TO BANKS

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source