New York § 600 Definitions

New York Statutes

§ 600 — Definitions

New York § 600

Law GBSGeneral Business

Art. 29-HDebt Collection Procedures

This text of New York § 600 (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.

Bluebook

N.Y. General Business § 600 (2026).

Text

  § 600. Definitions. As used in this article, unless the context or\nsubject matter otherwise requires:\n  1. "Consumer claim" means any obligation of a natural person for the\npayment of money or its equivalent which is or is alleged to be in\ndefault and which arises out of a transaction wherein credit has been\noffered or extended to a natural person, and the money, property or\nservice which was the subject of the transaction was primarily for\npersonal, family or household purposes. The term includes an obligation\nof a natural person who is a co-maker, endorser, guarantor or surety as\nwell as the natural person to whom such credit was originally extended.\n  2. "Debtor" means any natural person who owes or who is asserted to\nowe a consumer claim.\n  3. "Principal creditor" means a

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§ 600. Definitions. As used in this article, unless the context or\nsubject matter otherwise requires:\n 1. "Consumer claim" means any obligation of a natural person for the\npayment of money or its equivalent which is or is alleged to be in\ndefault and which arises out of a transaction wherein credit has been\noffered or extended to a natural person, and the money, property or\nservice which was the subject of the transaction was primarily for\npersonal, family or household purposes. The term includes an obligation\nof a natural person who is a co-maker, endorser, guarantor or surety as\nwell as the natural person to whom such credit was originally extended.\n 2. "Debtor" means any natural person who owes or who is asserted to\nowe a consumer claim.\n 3. "Principal creditor" means any person, firm, corporation or\norganization to whom a consumer claim is owed, due or asserted to be due\nor owed, or any assignee for value of said person, firm, corporation or\norganization.\n 4. "Debt collection agency" shall mean a person, firm or corporation\nengaged in business, the principal purpose of which is to regularly\ncollect or attempt to collect debts: (a) owed or due or asserted to be\nowed or due to another; or (b) obtained by, or assigned to, such person,\nfirm or corporation, that are in default when obtained or acquired by\nsuch person, firm or corporation.\n 5. "Communication" shall mean the conveying of information regarding a\ndebt directly or indirectly to any person through any medium.\n 6. "Debt" means any obligation or alleged obligation of a consumer to\npay money arising out of a transaction in which the money, property,\ninsurance, or services which are the subject of the transaction are\nprimarily for personal, family, or household purposes, whether or not\nsuch obligation has been reduced to judgment.\n 7. "Debt collector" means an individual who, as part of his or her\njob, regularly collects or attempts to collect debts: (a) owed or due or\nasserted to be owed or due to another; or (b) obtained by, or assigned\nto, such person, firm or corporation, that are in default when obtained\nor acquired by such person, firm or corporation.\n