N.Y. Uniform Commercial Code Law Section 9-201
General Effectiveness of Security Agreement

Section 9--201. General Effectiveness of Security Agreement.

(a)

General effectiveness. Except as otherwise provided in this chapter, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.

(b)

Applicable consumer laws and other law. A transaction subject to this article is subject to:

(1)

any applicable rule of law which establishes a different rule for consumers;

(2)

any other statute or regulation of this state which regulates the rates, charges, agreements and practices for loans, credit sales or other extensions of credit;

(3)

any consumer protection statute or regulation of this state.

(c)

Other applicable law controls. In case of conflict between this article and a rule of law, statute, or regulation described in subsection (b), the rule of law, statute, or regulation controls. Failure to comply with a statute or regulation described in subsection (b) has only the effect the statute or regulation specifies.

(d)

Further deference to other applicable law. This article does not:

(1)

validate any rate, charge, agreement, or practice that violates a rule of law, statute, or regulation described in subsection (b); or

(2)

extend the application of the rule of law, statute, or regulation to a transaction not otherwise subject to it.

Source: Section 9-201 — General Effectiveness of Security Agreement, https://www.­nysenate.­gov/legislation/laws/UCC/9-201 (updated Sep. 22, 2014; accessed Nov. 1, 2025).

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Nov. 1, 2025

Last modified:
Sep. 22, 2014

§ 9-201. Gen. Effectiveness of Sec. Agreement's source at nysenate​.gov

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