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Senate bill · S1859 (2025-26)

Requires issuers of credit cards to give the cardholder at least thirty days notice before closing, cancelling, or terminating the cardholder's account

New York State Senate

Same as A8744, the matching bill in the Assembly.

Latest action Jun 5, 2026

Sponsor: Zellnor Myrie (State Senator, District 20, Democratic)

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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 20, 2026. About our data

Summary

Requires issuers of credit cards to give the cardholder at least thirty days written notice via email, text message, or written letter before closing, cancelling, or terminating the cardholder's account.

Summary from NY Open Legislation. How we handle summaries

Amends the General Business Law.

Purpose, from the sponsor's memo

To ensure a cardholder is given proper notification prior to an account being closed by the issuer.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Consumer Affairs and Protection · New York State Assembly

Also referred to Consumer Protection · New York State Senate.

Your position on this bill

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The sponsor's argument

Why Zellnor Myrie says this is needed

Under current law, credit card issuers may close accounts without any notice to the account holder. Credit card companies shut down accounts for a variety of reasons; the account is inactive, in default, or balances are too high. However, a credit card issuer is not legally required to notify the holder if and when they are going to close an account pursuant to any of these reasons. This abrupt action may surprise holders especially if timely payments were being made and the balance is relatively low. The consequences for the account holder after their account has been unceremoniously closed can be significant. For example, a customer with a balance on a closed credit card account could see their credit utili- zation rate rise, and, consequently, their credit score drop. Cardhold- ers deserve to know when and why their account is going to be closed to avoid these adverse consequences that can permanently affect their cred- it score. An advanced notification from the issuer would allow the hold- er to solve any potential issues and avoid future problems with the card issuer.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Recorded votes

  • Vote: Committee vote · Consumer Protection

    Senate Consumer ProtectionMar 17, 2026Result: passed

    (5) (2) (0) (0)

  • Vote: Floor vote

    NY SenateMay 14, 2025Result: passed

    (41) (16) (0) (5)

  • Vote: Committee vote · Consumer Protection

    Senate Consumer ProtectionMay 6, 2025Result: passed

    (6) (1) (0) (0)

Full history

  1. Jun 5, 2026

    In committee

    COMMITTED TO RULES

    NY Senate

  2. Jun 4, 2026

    Amend (t) and Recommit to Consumer Affairs and Protection

    AMEND (T) AND RECOMMIT TO CONSUMER AFFAIRS AND PROTECTION

    NY Assembly

  3. May 11, 2026

    Amended

    AMENDED ON THIRD READING (T) 1859A

    NY Senate

  4. Mar 19, 2026

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  5. Mar 18, 2026

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

Show full history (12 earlier events)
  1. Mar 17, 2026

    1ST Report CAL.540

    1ST REPORT CAL.540

    NY Senate

  2. Jan 7, 2026

    Died in Assembly

    DIED IN ASSEMBLY

    NY Assembly

  3. Jan 7, 2026

    Referred to committee

    REFERRED TO CONSUMER AFFAIRS AND PROTECTION

    NY Assembly

  4. Jan 7, 2026

    Referred to committee

    REFERRED TO CONSUMER PROTECTION

    NY Senate

  5. Jun 2, 2025

    Referred to committee

    REFERRED TO CONSUMER AFFAIRS AND PROTECTION

    NY Assembly

  6. May 14, 2025

    Sent to the executive

    DELIVERED TO ASSEMBLY

    NY Senate

  7. May 14, 2025

    Passed a chamber

    PASSED SENATE

    NY Senate

  8. May 14, 2025

    Referred to committee

    REFERRED TO CONSUMER AFFAIRS AND PROTECTION

    NY Assembly

  9. May 8, 2025

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  10. May 7, 2025

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

  11. May 6, 2025

    1ST Report CAL.942

    1ST REPORT CAL.942

    NY Senate

  12. Jan 14, 2025

    Referred to committee

    REFERRED TO CONSUMER PROTECTION

    NY Senate

Read the record