Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
Statement to be filed by lenders upon assignment
Personal Property (PEP) CHAPTER 41, ARTICLE 3-A
§ 49-a. Statement to be filed by lenders upon assignment. 1. Every
person, firm or corporation engaged in or seeking to engage in the
business of lending money upon security of an assignment of, or of
purchasing upon discount future or accrued earnings, shall file with the
clerk of the county in which said person, firm or corporation has its
place of business or transacts business a statement under oath
containing the name and residence of the individual; or in case of a
firm, the names and residences of the partners; or in the case of a
corporation, the names and residences of the officers and directors,
managers or trustees of such corporation; and the place or places where
said business is transacted by such an individual, firm or corporation.
It shall be unlawful to engage in the business of lending money in the
manner set forth in this section without, prior to engaging in such
business, filing a statement as provided in this section.

2. The several county clerks of the state shall keep an alphabetical
index of all persons, firms or corporations filing certificates provided
for in this section; and for the indexing and filing of such
certificates, the fee shall be as provided in the civil practice law and
rules. A copy of such certificate, duly certified to by the county clerk
in whose office the same was filed, shall be presumptive evidence of the
facts contained therein in all courts of the state.