§ 47-A — Collateral loan broker dealing with a child

New York § 47-A

• Jurisdiction: New York
• Law GBS: General Business
• Art. 5: Collateral Loan Brokers

Text

§ 47-a. Collateral loan broker dealing with a child. No collateral\nloan broker or person in the employ of a collateral loan broker shall\nreceive or purchase any goods, chattels, wares or merchandise from, or\nmake any loan or advance or permit to be loaned or advanced to any\nchild, actually or apparently under the age of eighteen years any money,\nor in any manner directly or indirectly receive any goods, chattels,\nwares or merchandise from any such child in pledge for loans made or to\nbe made to it or to any other person or otherwise howsoever. It shall be\nno defense to a prosecution for a violation of this section, that in the\ntransaction upon which the prosecution is based the child acted as the\nagent or representative of another, or that the defendant dealt with\nsuch child as the agent or representative of another.\n