Assembly bill · A10912 (2025-26)
Requires interest rates for debts be set to no more than one percentage point greater than the consumer price index for urban wage earners and clerical workers…
New York State Assembly
Sponsor: Jenifer Rajkumar (Assembly Member, District 38, Democratic)
Official titleShow
Requires interest rates for debts be set to no more than one percentage point greater than the consumer price index for urban wage earners and clerical workers per annum
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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data
Summary
Requires interest rates for debts be set to no more than one percentage point greater than the consumer price index for urban wage earners and clerical workers per annum; removes collection fees outside of certain debts owed.
Summary from NY Open Legislation. How we handle summaries
Amends the State Finance Law.
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Ways and Means · New York State Assembly
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Full history
- Apr 8, 2026
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
Read the record
- Read on NY Senate (opens in a new tab) The official record on nysenate.gov.