New York § 508 Administration by the attorney general

New York Statutes

§ 508 — Administration by the attorney general

New York § 508

Law PEPPersonal Property

Art. 11Rental Purchase Agreements

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Bluebook

N.Y. Personal Property § 508 (2026).

Text

  § 508. Administration by the attorney general. The attorney general\nmay make rules and regulations necessary for the administration of this\narticle; provided, however, that such rules and regulations shall not\nattempt to regulate or characterize rental-purchase agreements as a\nsecurity interest, credit sale, retail installment sale, conditional\nsale or any other form of consumer credit that imputes to a\nrental-purchase agreement the creation of a debt or extension of credit,\nnor shall such rules and regulations require the disclosure of a\npercentage rate calculation, including a time-price differential, an\nannual percentage rate, or an effective annual percentage rate.\n

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§ 508. Administration by the attorney general. The attorney general\nmay make rules and regulations necessary for the administration of this\narticle; provided, however, that such rules and regulations shall not\nattempt to regulate or characterize rental-purchase agreements as a\nsecurity interest, credit sale, retail installment sale, conditional\nsale or any other form of consumer credit that imputes to a\nrental-purchase agreement the creation of a debt or extension of credit,\nnor shall such rules and regulations require the disclosure of a\npercentage rate calculation, including a time-price differential, an\nannual percentage rate, or an effective annual percentage rate.\n