Clarifies budget planning prohibitions and allows the attorney general to seek injunctions against violations.

This bill amends the general business law to clarify certain provisions related to budget planning. It specifies that budget planning includes making contracts to hold and disburse debtor funds and engaging in debt relief or debt settlement. The bill also allows the attorney general to apply for an order to enjoin or restrain the commission or continuation of violations, including imposing civil penalties. The act will take effect 90 days after it becomes law.

Clarifies budget planning prohibitions and allows the attorney general to seek injunctions against violations.

This bill amends the general business law to clarify certain provisions related to budget planning. It specifies that budget planning includes making contracts to hold and disburse debtor funds and engaging in debt relief or debt settlement. The bill also allows the attorney general to apply for an order to enjoin or restrain the commission or continuation of violations, including imposing civil penalties. The act will take effect 90 days after it becomes law.