New York S07727 requires self-help practitioners to disclose risks and create a risk management plan.
New York S07727 amends the general business law to mandate that self-help practitioners disclose risks to clients and produce a risk management plan. The bill defines "self-help practitioner" as individuals or entities offering financial, spiritual, or educational guidance for personal improvement. These practitioners must provide clients with a contract detailing risks in large print, a financial and legal disclaimer, and information on canceling services and requesting refunds.
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