Removes conditional language for submitting requests for reconsideration of creditor determinations.
The bill amends the general business law to remove certain conditional language regarding the submission of requests for reconsideration of creditor determinations. Specifically, it eliminates the requirement that submitting such a request is a condition for bringing an action under a particular section. The creditor will still have the discretion to reconsider the determination, and the debtor can submit additional documentation. The changes take effect on the same date as chapter 90 of the laws of 2026.
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