N.Y. General Business Law 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.

Source: Section 254 — Creditor relationship, https://www.­nysenate.­gov/legislation/laws/GBS/254 (updated Sep. 22, 2014; accessed May 4, 2024).

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Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 254’s source at nysenate​.gov

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