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2013 New York Consolidated Laws
GBS - General Business
Article 5 - (40 - 55) COLLATERAL LOAN BROKERS
52 - Term "collateral loan broker", how to be construed.


NY Gen Bus L § 52 (2012) What's This?
 
    §  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.

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