Internal prototype — noindexed, not linked from public navigation yet.

N.Y. PEP Law § 506

This is the official text of N.Y. PEP Law § 506, part of New York’s PEP Law — part of the compiled statutory law of New York, published by the state as "PEP Law." Browse the sections below, each linked to its official government source.

Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.

Exempted transactions

Official statutory text

§ 506. Exempted transactions. This article does not apply to:\n 1. Agreements for the rental of merchandise in which the person who\nrents the merchandise has no legal right to become the owner of the\nproperty at the end of the rental period;\n 2. A lease of a safe deposit box; and\n 3. Retail installment sales agreements, contracts, or obligations.\n

Status: in_force · Read it on the official government site

Need a lawyer in New York?

Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.