New York Assembly Bill 11302: Extends the interest rate caps and criminal usury framework to covered services including but not limited to, retail installment contracts, merchant cash advances, invoice financing, revenue-based financing, or any transaction that in substance functions as the advance of funds in exchange for a future payment or obligation, regardless of the label assigned to such transaction.

New York · 2025-2026 session

Status: In committee

Latest action

referred to judiciary (2026-05-11)

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