N.Y. General Business Law 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.

Source: Section 52 — Term "collateral loan broker", how to be construed, https://www.­nysenate.­gov/legislation/laws/GBS/52 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

Accessed:
Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 52’s source at nysenate​.gov

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