New York S01353 prohibits creditors from enforcing consumer debts incurred through fraud, duress, intimidation, threat, force, identity theft, or.
New York S01353 amends the general business law to prohibit creditors from enforcing consumer debts incurred through fraud, duress, intimidation, threat, force, identity theft, or exploitation of personal information. The bill defines "coerced debt" as debt incurred through economic abuse, including non-consensual use of personal information. It establishes a right of action for debtors to seek relief against creditors for violations, including declaratory judgments, injunctions, and damages.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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