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Senate Judiciary members raise concerns about rent-to-own dealers being swept into consumer-cap bill
Summary
Committee members questioned whether Senate Print 71726 would create conflict with existing New York personal property law and disproportionately affect low-income households; sponsor said the intent is to align caps with other finance regulations. The bill was moved and the committee recorded several members as voting 'without recommendation.'
The Senate Judiciary Committee considered Senate Print 71726, sponsored by Senator Burke, at its May 20, 2025 meeting. Committee members raised concerns about whether the bill’s language would bring rent-to-own personal property vendors under the same caps and regulatory scheme that apply to other consumer finance products.
Committee members said they had received input from the rental dealers association, which represents…
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