New York S05546 amends the civil practice law to redefine consumer credit transactions as consumer debt.

New York S05546 amends the civil practice law and rules, the New York City Civil Court Act, and other statutes to redefine consumer credit transactions as consumer debt. The bill defines consumer debt as any obligation or alleged obligation of a natural person to pay money arising from a transaction primarily for personal, family, or household purposes. It replaces references to consumer credit transactions with consumer debt in various sections of the civil practice law and rules, the New York City Civil Court Act, the Judiciary Law, the Uniform City Court Act, the Uniform District Court.

New York S05546 amends the civil practice law to redefine consumer credit transactions as consumer debt.

New York S05546 amends the civil practice law and rules, the New York City Civil Court Act, and other statutes to redefine consumer credit transactions as consumer debt. The bill defines consumer debt as any obligation or alleged obligation of a natural person to pay money arising from a transaction primarily for personal, family, or household purposes. It replaces references to consumer credit transactions with consumer debt in various sections of the civil practice law and rules, the New York City Civil Court Act, the Judiciary Law, the Uniform City Court Act, the Uniform District Court.