New York § 254 Creditor relationship

New York Statutes

§ 254 — Creditor relationship

New York § 254

Law GBSGeneral Business

Art. 15Specious Cash Sales

This text of New York § 254 (Creditor relationship) 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. General Business § 254 (2026).

Text

  § 254. Creditor relationship. Without limiting the scope of section\ntwo hundred fifty-three, there shall be a rebuttable presumption that\nthe creditor shall have knowingly participated in or shall have been\ndirectly connected with a consumer sale if:\n  (a) the creditor is a person related to the seller; or\n  (b) the seller prepared forms or documents used to evidence or secure\nthe consumer loan; or\n  (c) the creditor supplied forms to the seller which were used by the\nconsumer to apply for, evidence or secure the consumer loan.\n

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§ 254. Creditor relationship. Without limiting the scope of section\ntwo hundred fifty-three, there shall be a rebuttable presumption that\nthe creditor shall have knowingly participated in or shall have been\ndirectly connected with a consumer sale if:\n (a) the creditor is a person related to the seller; or\n (b) the seller prepared forms or documents used to evidence or secure\nthe consumer loan; or\n (c) the creditor supplied forms to the seller which were used by the\nconsumer to apply for, evidence or secure the consumer loan.\n