New York Statutes

§ 5-515 — Borrower bringing an action need not offer to repay

New York·Law GOB General Obligations·Title 5 Interest and Usury; Brokerage On Loans·Art. 5 Creation, Definition and Enforcement of Contractual Obligations
§ 5-515. Borrower bringing an action need not offer to repay.\nWhenever any borrower of money, goods or things in action, shall begin\nan action for the recovery of the money, goods or things in action taken\nin violation of the foregoing provisions of this title, it shall not be\nnecessary for him to pay or offer to pay any interest or principal on\nthe sum or thing loaned; nor shall any court require or compel the\npayment or deposit of the principal sum or interest, or any portion\nthereof, as a condition of granting relief to the borrower in any case\nof usurious loans forbidden by the foregoing provisions of this title.\n

Free access — add to your briefcase to read the full text and ask questions with AI

New York § 5-515 (Borrower bringing an action need not offer to repay) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Szerdahelyi v. Harris
110 A.D.2d 550 (Appellate Division of the Supreme Court of New York, 1985)
4 case citations

Nearby Sections

15
View on official source ↗