New York 2025 Session Status: Passed Assembly

A9588 — Prohibits certain financial institutions from charging a fee based on the frequency of payments or for changing the frequency of mortgage payments

Last action — Passed Senate

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the Assembly. Introduced January 21, 2026. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Prognosis

Stalled 26% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Passed Assembly

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill stops certain financial institutions from charging fees for mortgage payment frequency changes.

This legislation prohibits particular financial institutions from imposing fees when customers choose to make monthly, semi-monthly, or biweekly mortgage payments. It also prevents fees for changing these payment frequencies.

What this means for you
  • Consumers: This means consumers can change their mortgage payment frequency without incurring extra costs.

Summary

Prohibits certain financial institutions from charging a fee for making monthly, semi-monthly, and biweekly payments or for changing the frequency of mortgage payments.

Bill Text

Action History

  1. RETURNED TO ASSEMBLY

  2. PASSED SENATE

  3. 3RD READING CAL.1032

  4. SUBSTITUTED FOR S9514A

  5. REFERRED TO BANKS

  6. DELIVERED TO SENATE

  7. PASSED ASSEMBLY

  8. ADVANCED TO THIRD READING CAL.373

  9. REPORTED

  10. PRINT NUMBER 9588B

  11. AMEND AND RECOMMIT TO CODES

  12. REPORTED REFERRED TO CODES

  13. PRINT NUMBER 9588A

  14. AMEND (T) AND RECOMMIT TO BANKS

  15. REFERRED TO BANKS

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

Show all 218 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does A9588 do?
Prohibits certain financial institutions from charging a fee for making monthly, semi-monthly, and biweekly payments or for changing the frequency of mortgage payments.
Who sponsors A9588?
A9588 is sponsored by Emerita Torres.
What is the current status of A9588?
This bill has passed the Assembly. Introduced January 21, 2026. It now moves to the second chamber.
Where can I track A9588?
Track A9588 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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