A Recap of New York Debt Collection Laws Passed in 2022
FFGN COLLECT NY
JANUARY 6, 2023
Decreasing the legal rate of interest on consumer claims from 9% to 2%. Putting an end to the use of wage garnishments (income executions) in New York to collect medical judgments. Initially, the law first prohibited withholding transcripts for SUNY and CUNY students but expanded to include all higher education institutions.
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