On May 20, NY LEG passed bill to amend definition of medical debt.
NY LEG passed bill AB 9438 (SB 8373-A) relating to the definition of medical debt.
Amends NY LEG 20-25-380-A, on the Fair credit reporting act, regarding medical debt.
Bills follows 2024 bill passed as Ch. 727 of 2023 on fair credit reporting, see #176828.
Bill Provisions
Protects from medical debt by prohibiting reporting of medical bills to credit agencies.
It would make conforming changes to align with the definitions in the aforementioned chapter to ensure patients can secure the healthcare they need, without financial ruin.
Legislative History
On Jan. 24, 2024, bill introduced in Senate; on May 15, 2024, bill passed in Senate.
On May 16, 2024, bill introduced in Assembly; on May 20, 2024, bill passed Assembly.
Effectiveness
Upon passage, retroactive to take effect same day as Ch. 727 of 2023, Dec. 13, 2024.
Nov. 2024 NY LEG Governor Approval
On Nov. 22, 2024, NY LEG governor approved AB 9438 /SB 8373-A, assigned Ch. 514.
Regulators
NY LEG
Entity Types
CNSM; CRA
Reference
Ch. 514, 11/22/2024; Bill, A09438, S08373-A, 5/20/2024; Citation: NY LEG 20-25-380-A;
