Confession of Judgment COJ Bill Passes in New York

Assembly Floor Vote

The New York State legislature officially passed Bill S6395 on Thursday, which prohibits Confessions of Judgment (COJs) from being filed in New York against non-New York State residents.

The bill’s author said that “this measure was in response to recent press reports regarding creditors that execute confessions of judgment in New York State even though the associated agreement or debtor have no nexus to the State.”

If the debtor is not a person, then it can be filed in any county where the debtor “has a place of business.”

The law goes into effect immediately after Governor Cuomo signs it.

The Senate voted in favor of the bill 61-1.
The Assembly voted in favor of the bill 83-43.

Virtually no debate took place before voting in each chamber.