New York City Council Header
File #: Int 0307-2004    Version: Name: Home improvement contractors.
Type: Introduction Status: Enacted
Committee: Committee on Consumer Affairs
On agenda: 4/1/2004
Enactment date: 7/11/2005 Law number: 2005/064
Title: A Local Law to amend the administrative code of the city of New York, in relation to home improvement contractors.
Sponsors: Erik Martin Dilan, Philip Reed, Gifford Miller, Yvette D. Clarke, Lewis A. Fidler, Alan J. Gerson, G. Oliver Koppell, Margarita Lopez, Michael E. McMahon, Michael C. Nelson, Christine C. Quinn, David I. Weprin, Vincent J. Gentile, Robert Jackson, John C. Liu, Domenic M. Recchia, Jr., Letitia James, James F. Gennaro
Council Member Sponsors: 18
Attachments: 1. Committee Report 5/3/04, 2. Hearing Transcript 5/3/04, 3. Fiscal Impact Statement, 4. Committee Report 6/21/05, 5. Hearing Transcript 6/21/05, 6. Fiscal Impact Statement-A, 7. Hearing Transcript - Stated Meeting 6/23/05, 8. Local Law
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
7/12/2005AErik Martin Dilan City Council Recved from Mayor by Council  Action details Meeting details Not available
7/11/2005AErik Martin Dilan Mayor Signed Into Law by Mayor  Action details Meeting details Not available
7/11/2005AErik Martin Dilan Mayor Hearing Held by Mayor  Action details Meeting details Not available
6/23/2005AErik Martin Dilan City Council Sent to Mayor by Council  Action details Meeting details Not available
6/23/2005AErik Martin Dilan City Council Approved by CouncilPass Action details Meeting details Not available
6/21/2005*Erik Martin Dilan Committee on Consumer Affairs Hearing Held by Committee  Action details Meeting details Not available
6/21/2005*Erik Martin Dilan Committee on Consumer Affairs Amendment Proposed by Comm  Action details Meeting details Not available
6/21/2005*Erik Martin Dilan Committee on Consumer Affairs Amended by Committee  Action details Meeting details Not available
6/21/2005AErik Martin Dilan Committee on Consumer Affairs Approved by CommitteePass Action details Meeting details Not available
5/3/2004*Erik Martin Dilan Committee on Consumer Affairs Laid Over by Committee  Action details Meeting details Not available
5/3/2004*Erik Martin Dilan Committee on Consumer Affairs Hearing Held by Committee  Action details Meeting details Not available
4/1/2004*Erik Martin Dilan City Council Referred to Comm by Council  Action details Meeting details Not available
4/1/2004*Erik Martin Dilan City Council Introduced by Council  Action details Meeting details Not available

Int. No. 307-A

 

By Council Members Dilan, Reed, The Speaker (Council Member Miller), Clarke, Fidler, Gerson, Koppell, Lopez, McMahon, Nelson, Quinn, Weprin, Gentile, Jackson, Liu, Recchia Jr., James and Gennaro

 

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

 

Be it enacted by the Council as follows:

Section One.  Subdivision 4 of section 20-393 of the administrative code of the city of New York, as added by local law number 24 for the year 1996, is amended to read as follows:

4.  Acting as an agent for any owner or any finance or mortgage company to arrange for or to obtain an extension of credit which is used to pay for an owner’s obligations under a home improvement contract, unless the instrument evidencing such owner’s indebtedness complies with subdivision b of section 433.2 of title sixteen of the code of federal regulations and the licensee complies with section 771-a of the general business law;

§2.  Subdivisions 17 and 18 of section 20-393 of the administrative code of the city of New York are REPEALED.

§3.  Section 20-393 of the administrative code of the city of New York is amended by adding new subdivisions 17 and 18 to read as follows:

17.  Notwithstanding any other provisions of this section, no person licensed under this subchapter shall, in connection with any home repair or home improvement, act as an agent for, or advertise, promote or arrange for the services of a lender or its affiliate to secure a home loan or a home improvement loan for or on behalf of an owner.

18.  No contractor shall receive payment from the proceeds of a home improvement loan except by an instrument payable solely to the borrower or at the election of the borrower, through a third party escrow agent in accordance with terms established in a written agreement signed by the borrower, the lender and the contractor prior to disbursement.

§4.  This local law shall take effect ninety days after it shall have become a law.

 

 

T.S.F.

06.10.05