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New York Consolidated Laws, General Business Law - GBS § 254. Creditor relationship

Current as of January 01, 2026 | Updated by Findlaw Staff

Without limiting the scope of section two hundred fifty-three, there shall be a rebuttable presumption that the creditor shall have knowingly participated in or shall have been directly connected with a consumer sale if:

(a) the creditor is a person related to the seller;  or

(b) the seller prepared forms or documents used to evidence or secure the consumer loan;  or

(c) the creditor supplied forms to the seller which were used by the consumer to apply for, evidence or secure the consumer loan.

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Cite this article: FindLaw.com - New York Consolidated Laws, General Business Law - GBS § 254. Creditor relationship - last updated January 01, 2026 | https://codes.findlaw.com/ny/general-business-law/gbs-sect-254/

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