New YorkA 110042025-2026 Regular SessionHouseWALLET

Extends certain provisions relating to installment loans and obligations evidencing installment loans

Sponsored By: Michaelle C. Solages (Democratic)

Signed by Governor

LOCAL GOVERNMENTSWAYS AND MEANSLOCAL GOVERNMENT

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Installment loan rules stay through 2029

The law takes effect immediately. New York’s installment-loan rules remain in force until September 30, 2029. Borrowers and lenders keep the same terms as before. It does not change loan amounts, who qualifies, rates, or fees. On September 30, 2029, these provisions are repealed.

Sponsors & Cosponsors

Sponsor

Michaelle C. Solages
Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 195 • No: 0

Senate vote • 6/4/2026

FLOOR Vote

Yes: 60 • No: 0

House vote • 5/4/2026

Assembly floor vote

Yes: 135 • No: 0

Actions Timeline

SIGNED CHAP.273
8/28/2026House
DELIVERED TO GOVERNOR
8/21/2026House
RETURNED TO ASSEMBLY
6/4/2026Senate
PASSED SENATE
6/4/2026Senate
3RD READING CAL.1424
6/4/2026Senate
SUBSTITUTED FOR S9901
6/4/2026Senate
REFERRED TO LOCAL GOVERNMENT
5/4/2026Senate
DELIVERED TO SENATE
5/4/2026House
PASSED ASSEMBLY
5/4/2026House
ADVANCED TO THIRD READING CAL.437
4/30/2026House
REPORTED
4/28/2026House
REPORTED REFERRED TO WAYS AND MEANS
4/21/2026House
REFERRED TO LOCAL GOVERNMENTS
4/16/2026House

Bill Text

Original
4/16/2026
PDF

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