Vote: Floor vote
NY SenateJun 2, 2026Result: passedSenate vote on A9404, the matching Assembly bill.
(61) (0) (0) (2)
Senate bill · S9570 (2025-26)
Relates to the prohibition of lending institutions issuing unsolicited mail-loan checks
PassedLatest action Jun 2, 2026
New York State Senate
Same as A9404, the matching bill in the Assembly.
Passed as A9404, the matching Assembly bill.
Summary
Relates to the prohibition of lending institutions issuing mail-loan checks except in response to an affirmative request or application therefor; provides that any debt, interest, fee or other obligation arising from a mail-loan check issued in violation of this section shall be null and void and unenforceable.
Summary from NY Open Legislation. How we handle summaries
Amends the Banking Law.
From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 23, 2026. About our data
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Purpose, from the sponsor's memo
This bill seeks to protect consumers from deceptive and predatory lend- ing practices by prohibiting lenders, financial institutions, and other entities from mailing unsolicited "live loan checks" to New York resi- dents. These instruments resemble legitimate checks but automatically bind the recipient to a loan or financial obligation when deposited.
Filed with the bill. Read it on nysenate.gov (opens in a new tab)
Where it stands
Passed the legislature and is awaiting a signature.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Banks · New York State Assembly
Also referred to Banks · New York State Senate.
Cosponsors
Showing the cosponsors who are on Agora, A to Z. The official record may list more.
Read on NY Senate (opens in a new tab)- Democratic2
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The sponsor's argument
Why James Skoufis says this is needed
New Yorkers are increasingly receiving unsolicited "live loan checks," which appear to be legitimate negotiable instruments but are, in fact, predatory loan solicitations. When a recipient unknowingly deposits or cashes-one of these checks, they are automatically bound to a loan-often with high interest rates, hidden fees, or disadvantageous terms.
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 · Banks
Senate BanksMay 12, 2026Result: passed
(7) (0) (0) (0)
Full history
- Jun 2, 2026
3RD Reading CAL.1033
3RD READING CAL.1033
NY Senate
- Jun 2, 2026
Passed a chamber
PASSED SENATE
NY Senate
- Jun 2, 2026
Substituted
SUBSTITUTED FOR S9570A
NY Senate
- May 14, 2026
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
- May 13, 2026
2ND Report CAL.
2ND REPORT CAL.
NY Senate
Show full history (12 earlier events)Show less history
- May 12, 2026
1ST Report CAL.1033
1ST REPORT CAL.1033
NY Senate
- Apr 28, 2026
Sent to the executive
DELIVERED TO SENATE
NY Assembly
- Apr 28, 2026
Passed a chamber
PASSED ASSEMBLY
NY Assembly
- Apr 28, 2026
Referred to committee
REFERRED TO BANKS
NY Senate
- Apr 23, 2026
Advanced to Third Reading CAL.372
ADVANCED TO THIRD READING CAL.372
NY Assembly
- Apr 21, 2026
Reported out of committee
REPORTED
NY Assembly
- Apr 1, 2026
Amend and Recommit to Banks
AMEND AND RECOMMIT TO BANKS
NY Senate
- Mar 25, 2026
Referred to committee
REFERRED TO BANKS
NY Senate
- Mar 24, 2026
Reported out of committee
REPORTED REFERRED TO CODES
NY Assembly
- Mar 18, 2026
Amend and Recommit to Banks
AMEND AND RECOMMIT TO BANKS
NY Assembly
- Jan 7, 2026
Referred to committee
REFERRED TO BANKS
NY Assembly
- Dec 19, 2025
Referred to committee
REFERRED TO BANKS
NY Assembly