New York · 2025 Regular Session · Bill
S 9514: Prohibits certain financial institutions from charging a fee based on the frequency of payments or for changing the frequency of mortgage payments
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 9514 is a bill introduced in the New York Senate on March 19, 2026. According to its official title, it concerns: Prohibits certain financial institutions from charging a fee based on the frequency of payments or for changing the frequency of mortgage payments. Primary sponsor: Brian Kavanagh (Democratic). It lists 1 additional sponsor. Most recent recorded action (May 29, 2026): SUBSTITUTED BY A9588B.
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.
Prohibits certain financial institutions from charging a fee for making monthly, semi-monthly, and biweekly payments or for changing the frequency of mortgage payments.
Sponsors
Sponsors by party (alphabetical): Democratic 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Brian Kavanagh | Primary sponsor | Democratic | Senate | 27 |
| Pat Fahy | Co-sponsor | Democratic | Senate | 46 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- SUBSTITUTED BY A9588B
- ADVANCED TO THIRD READING
- 2ND REPORT CAL.
- 1ST REPORT CAL.1032
- PRINT NUMBER 9514A
- AMEND (T) AND RECOMMIT TO BANKS
- REFERRED TO BANKS