Extends permissible fees for open end loans in New York until June 30, 2027.
This bill amends the banking law to extend the effective date of provisions relating to permissible fees in connection with open end loans from June 30, 2025, to June 30, 2027. The changes made by this act will expire on June 30, 2027, reverting the law to its previous state. The act takes effect immediately.
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