New York Statutes

§ 577 — Interpretation of article

New York § 577
JurisdictionNew York
Law BNKBanking
Art. 12-BInsurance Premium Finance Agencies

This text of New York § 577 (Interpretation of article) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.Y. Banking § 577 (2026).

Text

§ 577. Interpretation of article. This article does not affect:

(1)\nthe inclusion of amounts for insurance in retail instalment contracts or\nobligations in accordance with the motor vehicle retail instalment sales\nact or the retail instalment sales act;
(2)the inclusion of amounts for\ninsurance in retail lease agreements in accordance with the motor\nvehicle retail leasing act; or (3) the making of loans for the purpose\nof financing insurance premiums:\n (a) By any person at a rate of interest not greater than the rate\nprescribed by the superintendent of financial services pursuant to\nsection fourteen-a of this chapter, or, if no rate has been so\nprescribed, six per centum per annum; or\n (b) By a lending institution in accordance with the applicable\nprovisions of other laws

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Bluebook (online)
New York § 577, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/BNK/577.