N.Y. Gen. Bus. Law § 52

Current through 2024 NY Law Chapter 457

Section 52 - Term "collateral loan broker", how to be construed

The term "collateral loan broker" contained in this article shall be construed so as to include any person, partnership, or corporation:

(1) loaning money on deposit or pledge of personal property, other than securities or printed evidences of indebtedness; or

(2) dealing in the purchasing of personal property on condition of selling back at a stipulated price; or

(3) designated or doing business as furniture storage warehousemen, and loaning and advancing money upon goods, wares or merchandise pledged or deposited as collateral security.

N.Y. Gen. Bus. Law § 52