http://m.nysenate.gov/legislation/bill/A2678-2013
The Consumer Credit Fairness Act was introduced by Judiciary Committee Chair Helene Weinstein and passed the General Assembly on a vote of 90-45.
It would limit debt collection lawsuits by JDB's
terminating the ability of debt buyers to sue on expired debt.
lowering the statute of limitations for consumer credit transactions from six years to three years, and eliminating the right to collect the debt once the statute of limitations is expired; and
requiring notice of a pending consumer credit action to be mailed to the defendants by the clerk of the court;
requiring court filings to include more information about the debt and requriing the plaintiff to provide proof that the debt is owed to the plaintiff