2016 New York Laws
GBS - General Business
Article 5 - (General Business) COLLATERAL LOAN BROKERS
42 - Action on bond.

NY Gen Bus L § 42 (2016) What's This?

42. Action on bond. If any person shall be aggrieved by the misconduct of any such licensed collateral loan broker, and shall recover judgment against him therefor, such person may, after the return unsatisfied, either in whole or in part, of any execution issued upon said judgment, maintain an action in his own name upon the bond of said collateral loan broker in any court having jurisdiction of the amount claimed, provided such court shall, upon application made for the purpose, grant such leave to prosecute.


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