Senate BillPassed first house
S 1859: 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.
What S 1859 does, verified June 5, 2026
The proposed law requires credit card issuers to provide cardholders with at least 45 days' written notice before closing their account. This notice can be sent via email, text message, or written letter. The law aims to protect consumers from unexpected account closures and provide them with sufficient time to take necessary steps. Failure to comply with the law's provisions will result in a violation. The law will take effect immediately upon its enactment.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: COMMITTED TO RULES (2026-06-05)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions15 total · showing 5
| Jun. 05, 2026 | COMMITTED TO RULES |
| May. 11, 2026 | AMENDED ON THIRD READING (T) 1859A |
| Mar. 19, 2026 | ADVANCED TO THIRD READING |
| Mar. 18, 2026 | 2ND REPORT CAL. |
| Mar. 17, 2026 | 1ST REPORT CAL.540 |
Latest bill textIntroduced version, January 14, 2025 · 208 words
STATE OF NEW YORK ________________________________________________________________________ 1859 2025-2026 Regular Sessions IN SENATE January 14, 2025 ___________ Introduced by Sen. MYRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to requiring issuers of credit cards to give the cardholder at least 45 days notice before closing the cardholder's account The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The general business law is amended by adding a new section 2 520-f to read as follows: 3 § 520-f. Issuer cancelation. 1. No issuer shall close a holder's 4 account with the issuer without giving the holder at least forty-five 5 days written notice via email, text message, or written letter that such 6 account is being closed. 7 2. The cancelation or deactivation of a credit card in violation of 8 the provisions of subdivision one of this section shall constitute a 9 violation. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05393-01-5
Text of S 1859 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions