2015 New York Laws
PEP - Personal Property
Article 3-A - (Personal Property) ASSIGNMENT OF EARNINGS
49-A - Statement to be filed by lenders upon assignment.

NY Pers Prop L § 49-A (2015) What's This?

49-a. Statement to be filed by lenders upon assignment. 1. Every person, firm or corporation engaged in or seeking to engage in the business of lending money upon security of an assignment of, or of purchasing upon discount future or accrued earnings, shall file with the clerk of the county in which said person, firm or corporation has its place of business or transacts business a statement under oath containing the name and residence of the individual; or in case of a firm, the names and residences of the partners; or in the case of a corporation, the names and residences of the officers and directors, managers or trustees of such corporation; and the place or places where said business is transacted by such an individual, firm or corporation. It shall be unlawful to engage in the business of lending money in the manner set forth in this section without, prior to engaging in such business, filing a statement as provided in this section.

2. The several county clerks of the state shall keep an alphabetical index of all persons, firms or corporations filing certificates provided for in this section; and for the indexing and filing of such certificates, the fee shall be as provided in the civil practice law and rules. A copy of such certificate, duly certified to by the county clerk in whose office the same was filed, shall be presumptive evidence of the facts contained therein in all courts of the state.


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