File #: Int 1049-2024    Version: Name: Requiring sellers of petroleum products for use in motor vehicles or motor boats to disclose preauthorization holds.
Type: Introduction Status: Laid Over in Committee
Committee: Committee on Consumer and Worker Protection
On agenda: 9/26/2024
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to requiring sellers of petroleum products for use in motor vehicles or motor boats to disclose preauthorization holds
Sponsors: Selvena N. Brooks-Powers, Farah N. Louis, Chi A. Ossé, Diana I. Ayala, Kamillah Hanks, Chris Banks, Mercedes Narcisse, Oswald J. Feliz
Council Member Sponsors: 8
Summary: This bill would require any person who imposes a preauthorization hold on the retail sale of petroleum to post a written notice that includes information about the initiation of the hold, the amount of the hold, and the ways a consumer could avoid a hold. The written notice would be displayed where payment for petroleum is accepted.
Indexes: Agency Rule-making Required
Attachments: 1. Summary of Int. No. 1049-A, 2. Summary of Int. No. 1049, 3. Int. No. 1049, 4. September 26, 2024 - Stated Meeting Agenda, 5. Hearing Transcript - Stated Meeting 9-26-24, 6. Minutes of the Stated Meeting - September 26, 2024, 7. Fiscal Impact Statement - City Council, 8. Fiscal Impact Statement - OMB, 9. Committee Report 2/11/25, 10. Hearing Testimony 2/11/25, 11. Hearing Transcript 2/11/25, 12. Proposed Int. No. 1049-A - 11/19/25
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
2/11/2025*Selvena N. Brooks-Powers Committee on Consumer and Worker Protection Hearing Held by Committee  Action details Meeting details Not available
2/11/2025*Selvena N. Brooks-Powers Committee on Consumer and Worker Protection Laid Over by Committee  Action details Meeting details Not available
9/26/2024*Selvena N. Brooks-Powers City Council Referred to Comm by Council  Action details Meeting details Not available
9/26/2024*Selvena N. Brooks-Powers City Council Introduced by Council  Action details Meeting details Not available

Proposed Int. No. 1049-A

 

By Council Members Brooks-Powers, Louis, Ossé, Ayala, Hanks, Banks, Narcisse and Feliz

 

A Local Law to amend the administrative code of the city of New York, in relation to requiring sellers of petroleum products for use in motor vehicles or motor boats to disclose preauthorization holds

 

Be it enacted by the Council as follows:

 

Section 1. Section 20-672 of the administrative code of the city of New York is amended by adding a new subdivision h to read as follows:

h. Preauthorization holds disclosure. 1. Definitions. For purposes of this subdivision, the term “preauthorization hold” means a temporary hold placed on available funds or credit in the account associated with the form of payment used in a transaction when the amount held may exceed the actual amount due.

2. Any person who sells or offers for sale at retail any petroleum product for use in motor vehicles or motor boats shall conspicuously post at the place where payment is accepted a written notice indicating whether a preauthorization hold will be imposed as part of a transaction. Where such notice indicates that a preauthorization hold will be imposed as part of a transaction, it shall include information about when such a hold is initiated, the dollar amount of such hold, and how a customer may avoid a preauthorization hold.

§ 2. This local law takes effect 180 days after it becomes law.

PS/SS

LS #15894

11/17/2025 11:41AM