N.Y. GBS Law § 52
This is the official text of N.Y. GBS Law § 52, 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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Term "collateral loan broker", how to be construed
Official statutory text
§ 52. Term "collateral loan broker", how to be construed. The term\n"collateral loan broker" contained in this article shall be construed so\nas to include any person, partnership, or corporation: (1) loaning money\non deposit or pledge of personal property, other than securities or\nprinted evidences of indebtedness; or (2) dealing in the purchasing of\npersonal property on condition of selling back at a stipulated price; or\n(3) designated or doing business as furniture storage warehousemen, and\nloaning and advancing money upon goods, wares or merchandise pledged or\ndeposited as collateral security.\n
Status: in_force · Read it on the official government site
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