N.Y. Gen. Bus. Law § 254

Current through 2024 NY Law Chapter 553

Section 254 - Creditor relationship

Without limiting the scope of section two hundred fifty-three, there shall be a rebuttable presumption that the creditor shall have knowingly participated in or shall have been directly connected with a consumer sale if:

(a) the creditor is a person related to the seller; or

(b) the seller prepared forms or documents used to evidence or secure the consumer loan; or

(c) the creditor supplied forms to the seller which were used by the consumer to apply for, evidence or secure the consumer loan.

N.Y. Gen. Bus. Law § 254