New York joins several other states across the country, including Texas, Maine, California, Minnesota, and Connecticut, that have passed versions of coerced debt legislation. The bill passed by Hochul this week will provide some of the most comprehensive protections in the nation for survivors of this kind of financial abuse.

The bill allows victims to petition creditors to have the debt in their name removed and transferred to the person who coerced them into the debt. The survivor must submit documentation showing that the debt was accrued either without their knowledge or through coercion. In turn, debt collectors would then be able to hold that person civilly liable for whatever money is still owed.

Across the country, forty-three percent of survivors report being pressured to take out credit in their own name when they did not want to, and 52 percent reported that an abusive partner put debt in their name through a fraudulent or forced transaction. This debt stays with victims by, for example, hurting their credit score and impacting their ability to gain access to housing.