Statute · New York Personal Property Law
N.Y. Pers. Prop. Law § 508 — Administration by the attorney general
N.Y. Pers. Prop. Law § 508
- Type
- Statute
- Source
- New York Personal Property Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 508. Administration by the attorney general. The attorney general may make rules and regulations necessary for the administration of this article; provided, however, that such rules and regulations shall not attempt to regulate or characterize rental-purchase agreements as a security interest,…
Citator
N.Y. Pers. Prop. Law § 508 — Administration by the attorney general is in force in the current edition of the Code, and nothing recorded condemns it.
§ 508. Administration by the attorney general. The attorney general may make rules and regulations necessary for the administration of this article; provided, however, that such rules and regulations shall not attempt to regulate or characterize rental-purchase agreements as a security interest, credit sale, retail installment sale, conditional sale or any other form of consumer credit that imputes to a rental-purchase agreement the creation of a debt or extension of credit, nor shall such rules and regulations require the disclosure of a percentage rate calculation, including a time-price differential, an annual percentage rate, or an effective annual percentage rate.