New York Consolidated Laws, Penal Law - PEN § 190.55 Making a false statement of credit terms

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

A person is guilty of making a false statement of credit terms when he knowingly and willfully violates the provisions of chapter two of the act of congress entitled “Truth in Lending Act”   1 and the regulations thereunder, as such act and regulations may from time to time be amended, by understating or failing to state the interest rate required to be disclosed, or by failing to make or by making a false or inaccurate or incomplete statement of other credit terms in violation of such act.

Making a false statement of credit terms is a class A misdemeanor.

1  15 USCA §§ 1631 to 1644.

Cite this article: FindLaw.com - New York Consolidated Laws, Penal Law - PEN § 190.55 Making a false statement of credit terms - last updated January 01, 2021 | https://codes.findlaw.com/ny/penal-law/pen-sect-190-55/


FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard