Statute · New York General Business Law
N.Y. Gen. Bus. Law § 254 — Creditor relationship
N.Y. Gen. Bus. Law § 254
- Type
- Statute
- Source
- New York General Business Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 254. Creditor relationship. Without limiting the scope of section two hundred fifty-three, there shall be a rebuttable presumption that the creditor shall have knowingly participated in or shall have been directly connected with a consumer sale if:
Citator
N.Y. Gen. Bus. Law § 254 — Creditor relationship is in force in the current edition of the Code, and nothing recorded condemns it.
§ 254. Creditor relationship. Without limiting the scope of section two hundred fifty-three, there shall be a rebuttable presumption that the creditor shall have knowingly participated in or shall have been directly connected with a consumer sale if:
(a) the creditor is a person related to the seller; or
(b) the seller prepared forms or documents used to evidence or secure the consumer loan; or
(c) the creditor supplied forms to the seller which were used by the consumer to apply for, evidence or secure the consumer loan.