N.Y. PEP Law § 46-F

§ 46-f. Limit on interest and other charges. Except as provided in\narticle nine of the banking law, no person shall directly or indirectly\nreceive or accept, whether by discount or otherwise, for the use and\nsale of his personal credit or for making or continuing any advance or\nloan of money (1) in anticipation of earnings assigned outright, or (2)\non the security of an assignment of any earnings assigned as security, a\ngreater sum than at the rate of eighteen per centum per annum on the\namount of such loan or advance, either as a bonus, interest or\notherwise, or under the guise of a charge for investigating the status\nof a person applying for such loan or advance, or drawing of papers or\nother service in connection with such loan or advance, except such\ncharges as are now permitted by section 5-531 of the general obligations\nlaw. Any assignment, whether outright or as security, which is made\nwholly or partly in consideration of or as security for a loan or\nadvance which violates this section, shall be void, and invalid for any\npurpose whatsoever. Every person, firm, corporation, director, agent,\nofficer or member thereof who shall violate any provision of this\nsection, directly or indirectly, or assent to such violation shall be\nguilty of a misdemeanor.\n