Int 0707-2015
Permitted activities of home improvement contractors in regard to home improvement financing.
Filed — closed without being enacted.
Official record · Legistar
Summary
Under the current NYC Administrative Code, home improvement licensees, when doing home repair or home improvement work, are restricted from facilitating certain financing for that work. Specifically, they are prohibited from acting as an agent for a lender and from advertising, promoting or otherwise arranging for the services of a lender. This bill would remove the prohibition on advertising, promoting or otherwise arranging for the services of a lender but would maintain the prohibition on acting as the agent of a lender and prohibit the advertising or promoting of a single lender.
How it compares
24% of similar bills passed
12 passed · 38 died
This bill: 1025 days in committee
Similar bills: median 362 days · 232 days when passed
Compared against 50 Introduction bills in Committee on Consumer Affairs.
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