This text of New York § 252 (Definitions) 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.
§ 252. Definitions. For purposes of this article:\n (a) The term "consumer" means an individual.\n (b) The term "creditor' means a person regularly engaged in the\nbusiness of making loans.\n (c) The term "seller" means a person who sells or agrees to sell\npersonal property or furnishes or renders or agrees to furnish or render\nservices.\n (d) The term "consumer loan" means a loan of money by a creditor to a\nconsumer for which the consumer's obligation is payable in installments\nor for which a finance or other charge is or may be imposed.\n (e) The term "consumer sale" means a sale by a seller to a consumer of\npersonal property or services for personal, family or household\npurposes.\n (f) The term "person related to the seller" means with respect to an\nindividual seller:\n
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§ 252. Definitions. For purposes of this article:\n (a) The term "consumer" means an individual.\n (b) The term "creditor' means a person regularly engaged in the\nbusiness of making loans.\n (c) The term "seller" means a person who sells or agrees to sell\npersonal property or furnishes or renders or agrees to furnish or render\nservices.\n (d) The term "consumer loan" means a loan of money by a creditor to a\nconsumer for which the consumer's obligation is payable in installments\nor for which a finance or other charge is or may be imposed.\n (e) The term "consumer sale" means a sale by a seller to a consumer of\npersonal property or services for personal, family or household\npurposes.\n (f) The term "person related to the seller" means with respect to an\nindividual seller:\n (1) the spouse of the seller;\n (2) a brother, brother-in-law, sister or sister-in-law of the seller;\n (3) an ancestor or lineal descendant of the seller or his spouse; and\n (4) any other relative, by blood or marriage of the seller or his\nspouse who shares a residence with the seller.\n (g) The term "person related to the seller" means with respect to any\nother seller:\n (1) a person directly or indirectly controlling, controlled by or\nunder common control with the seller;\n (2) an officer or director of the seller, or a person performing\nsimilar functions with respect to the seller; the spouse of any such\nperson; and any other relative by blood or marriage of any such person\nwho shares a residence with such person.\n (h) A creditor who is not an individual shall be a "person related to\nthe seller" if an officer of the creditor or a person performing similar\nfunctions, whose duties include participation in or supervision over the\nconsumer loan the proceeds of which were primarily used in the consumer\nsale, is a person related to the seller under (f) and (g) of this\nsection.\n