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2012 New York Consolidated Laws
PEP - Personal Property
Article 11 - (500 - 508) RENTAL PURCHASE AGREEMENTS
508 - Administration by the attorney general.


NY Pers Prop L § 508 (2012) What's This?
 
    §  508.  Administration  by the attorney general. The attorney general
  may make rules and regulations necessary for the administration of  this
  article;  provided,  however,  that such rules and regulations shall not
  attempt to regulate or  characterize  rental-purchase  agreements  as  a
  security  interest,  credit  sale,  retail installment sale, conditional
  sale  or  any  other  form  of  consumer  credit  that  imputes   to   a
  rental-purchase agreement the creation of a debt or extension of credit,
  nor  shall  such  rules  and  regulations  require  the  disclosure of a
  percentage rate calculation, including  a  time-price  differential,  an
  annual percentage rate, or an effective annual percentage rate.

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