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The New York State Senate passed legislation Tuesday restricting confessions of judgment in private lending agreements under $5 million, aligning state law with practices in most other states. Senate Print 2305, sponsored by Sen. Krueger, passed 39-22 on a party-line vote. The measure prohibits lenders from obtaining court judgments without the borrower's knowledge or opportunity to contest the debt in court, a practice Krueger characterized as predatory. "This is good consumer protection law that most states are following," Krueger said, noting New York previously restricted such confessions for larger companies and out-of-state entities. Sen. Sanders praised the bill, citing documented misuse of confessions of judgment reported by the Wall Street Journal. Opponents, led by Sen. Palumbo, argued the bill would harm small business owners and entrepreneurs by eliminating a legitimate tool in private lending agreements. "The lender isn't going to lend the money" without such protections, Palumbo warned, predicting reduced access to capital. An amendment by Sen. Canzoneri-Fitzpatrick to repeal 2019 criminal justice reforms was ruled nongermane and defeated on appeal, 22-0.