2016 New York Laws
BNK - Banking
Article 9 - (Banking) LICENSED LENDERS
353 - Limitation on licensee's charges on certain loans.

 353.  Limitation on licensee's charges on certain loans. No licensee
  shall directly or  indirectly  charge,  contract  for,  or  receive  any
  interest,  discount, or consideration upon the loan, use, or forbearance
  of money, goods, or things in action, or upon the loan, use, or sale  of
  credit,  of  the  amount  or  value  of  more  than  the maximum amounts
  prescribed in section three hundred forty of this article  greater  than
  the  rate permitted by section 5-501 of the general obligations law. The
  foregoing prohibition shall also apply to any licensee which permits any
  person, as borrower  or  as  endorser,  guarantor,  or  surety  for  any
  borrower  or  otherwise,  to owe directly or contingently or both to the
  licensee at any time more than the maximum amounts prescribed in section
  three hundred forty of this article.