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Current as of January 01, 2026 | Updated by Findlaw Staff
The term “collateral loan broker” contained in this article shall be construed so as to include any person, partnership, or corporation: (1) loaning money on deposit or pledge of personal property, other than securities or printed evidences of indebtedness; or (2) dealing in the purchasing of personal property on condition of selling back at a stipulated price; or (3) designated or doing business as furniture storage warehousemen, and loaning and advancing money upon goods, wares or merchandise pledged or deposited as collateral security.
Cite this article: FindLaw.com - New York Consolidated Laws, General Business Law - GBS § 52. Term “collateral loan broker”, how to be construed - last updated January 01, 2026 | https://codes.findlaw.com/ny/general-business-law/gbs-sect-52/
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