N.Y. GBS Law § 254
This is the official text of N.Y. GBS Law § 254, part of New York’s GBS Law — part of the compiled statutory law of New York, published by the state as "GBS Law." Browse the sections below, each linked to its official government source.
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Creditor relationship
Official statutory text
§ 254. Creditor relationship. Without limiting the scope of section\ntwo hundred fifty-three, there shall be a rebuttable presumption that\nthe creditor shall have knowingly participated in or shall have been\ndirectly connected with a consumer sale if:\n (a) the creditor is a person related to the seller; or\n (b) the seller prepared forms or documents used to evidence or secure\nthe consumer loan; or\n (c) the creditor supplied forms to the seller which were used by the\nconsumer to apply for, evidence or secure the consumer loan.\n
Status: in_force · Read it on the official government site
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