1. The Laws of New York
  2. Consolidated Laws
  3. Penal
  4. Part 3: Specific Offenses
  5. Title K: Offenses Involving Fraud
  6. Article 190: Other Frauds


Section 190.40 Criminal usury in the second degree

Penal (PEN)

  A person is guilty of criminal usury in the second degree when, not being authorized or permitted by law to do so, he knowingly charges, takes or receives any money or other property as interest on the loan or forebearance of any money or other property, at a rate exceeding twenty-five per centum per annum or the equivalent rate for a longer or shorter period.

  Criminal usury in the second degree is a class E felony.