N.Y. Personal Property Law Section 506
Exempted transactions

This article does not apply to:

1.

Agreements for the rental of merchandise in which the person who rents the merchandise has no legal right to become the owner of the property at the end of the rental period;

2.

A lease of a safe deposit box; and

3.

Retail installment sales agreements, contracts, or obligations.

Source: Section 506 — Exempted transactions, https://www.­nysenate.­gov/legislation/laws/PEP/506 (updated Sep. 22, 2014; accessed Jan. 18, 2025).

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Accessed:
Jan. 18, 2025

Last modified:
Sep. 22, 2014

§ 506’s source at nysenate​.gov

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