N.Y. Comp. Codes R. & Regs. tit. 21 § 5004.7
Current through Register Vol. 46, No. 51, December 18, 2024
(a) The service charge on each loan issued shall be $30.(b) The service charge fund shall be the fund established to administer service charges.(c) A loan payment shall be considered delinquent when it is 10 days past due and for each such payment a $10 charge shall be added to the loan. A loan payment must be paid in full in order not to be considered delinquent.(d) A charge of $20 shall be made for each dishonored check sent in payment of a loan.N.Y. Comp. Codes R. & Regs. Tit. 21 § 5004.7