File #:

Int 0707-2015    Version: *

Name:

Permitted activities of home improvement contractors in regard to home improvement financing.

Type:

Introduction

Status:

Filed (End of Session)

Committee:

Committee on Consumer Affairs

On agenda:

3/11/2015

Enactment date:

Law number:

Title:

A Local Law to amend the administrative code of the city of New York, in relation to the permitted activities of home improvement contractors in regard to home improvement financing.

Sponsors:

Rafael L. Espinal, Jr., Deborah L. Rose, Karen Koslowitz

Council Member Sponsors:

3

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.

Attachments:

1. Summary of Int. No. 707, 2. March 11, 2015 - Stated Meeting Agenda with Links to Files