2013 New York Consolidated Laws
GBS - General Business
Article 5 - (40 - 55) COLLATERAL LOAN BROKERS
47-A - Collateral loan broker dealing with a child.


NY Gen Bus L § 47-A (2012) What's This?
 
    §  47-a.  Collateral  loan  broker dealing with a child. No collateral
  loan broker or person in the employ of a collateral  loan  broker  shall
  receive  or  purchase any goods, chattels, wares or merchandise from, or
  make any loan or advance or permit to  be  loaned  or  advanced  to  any
  child, actually or apparently under the age of eighteen years any money,
  or  in  any  manner  directly or indirectly receive any goods, chattels,
  wares or merchandise from any such child in pledge for loans made or  to
  be made to it or to any other person or otherwise howsoever. It shall be
  no defense to a prosecution for a violation of this section, that in the
  transaction  upon  which the prosecution is based the child acted as the
  agent or representative of another, or that  the  defendant  dealt  with
  such child as the agent or representative of another.

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