Senate BillIntroduced
S 5213: Limits the amount of certain credit service charges in motor vehicle retail installment contracts.
What S 5213 does, verified January 8, 2026
The proposed law aims to limit the amount of credit service charges in motor vehicle retail installment contracts. Retail sellers can charge a maximum of sixteen dollars per one hundred dollars per annum. The credit service charge is computed on the difference between the cash sale price of the vehicle and the buyer's down payment and official fees. The law will take effect on the thirtieth day after it becomes a law.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO CONSUMER PROTECTION (2026-01-07)Alert me
Quick answers about S 5213
- What is the current status of S 5213?
- As of January 8, 2026, S 5213 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO CONSUMER PROTECTION".
- Did S 5213 pass?
- Not yet. S 5213 has been introduced and has not passed either house.
- Who wrote S 5213, and where is it now?
- S 5213 was authored by Sen. James Sanders with 2 coauthors. Its committee of record is Assembly Consumer Affairs & Protection.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO CONSUMER PROTECTION |
| Feb. 19, 2025 | REFERRED TO CONSUMER PROTECTION |
Latest bill textIntroduced version, February 19, 2025 · 297 words
STATE OF NEW YORK ________________________________________________________________________ 5213 2025-2026 Regular Sessions IN SENATE February 19, 2025 ___________ Introduced by Sens. SANDERS, CLEARE, JACKSON -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the personal property law, in relation to limiting the amount of certain credit service charges in motor vehicle retail installment contracts The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 1 of section 303 of the personal property law, 2 as amended by chapter 641 of the laws of 1984, is amended to read as 3 follows: 4 1. A retail seller may contract for in a retail [instalment] install- 5 ment contract and charge, receive and collect the credit service charge 6 authorized by this article at [the rate or rates agreed to by the retail7seller and the buyer] a rate not to exceed sixteen dollars per one 8 hundred dollars per annum. 9 The credit service charge authorized by this subdivision shall be 10 computed on an amount equal to the total of the difference between the 11 cash sale price of the motor vehicle and the amount of the buyer's down 12 payment and the amount of official fees, and such charge may be made on 13 the amount included in the contract for insurance as determined under 14 subdivision six of section three hundred two of this [chapter] article. 15 § 2. This act shall take effect on the thirtieth day after it shall 16 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06190-01-5
Text of S 5213 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions