New York General Obligations Law Title 5 - INTEREST AND USURY; BROKERAGE ON LOANS

• 5-501 - Rate of Interest; Usury Forbidden.
  1. The rate of interest, as computed pursuant to this title, upon the loan or forbearance of any money, goods, or things in action, except...
• 5-511 - Usurious Contracts Void.
  1. All bonds, bills, notes, assurances, conveyances, all other contracts or securities whatsoever, except bottomry and respondentia bonds and contracts, and all deposits of goods...
• 5-513 - Recovery of Excess.
  Every person who, for any such loan or forbearance, shall pay or deliver any greater sum or value than is allowed to be received pursuant...
• 5-515 - Borrower Bringing an Action Need Not Offer to Repay.
  Whenever any borrower of money, goods or things in action, shall begin an action for the recovery of the money, goods or things in action...
• 5-517 - Transfer of Cause of Action for Usury.
  A cause of action to cancel, or otherwise affect, an instrument executed, or an act done, as security for a usurious loan or forbearance, can...
• 5-519 - Return of Excess a Bar to Further Penalties.
  Every person who shall repay or return the money, goods or other things so taken, accepted or received, or the value thereof, shall be discharged...
• 5-521 - Corporations Prohibited From Interposing Defense of Usury.
  1. No corporation shall hereafter interpose the defense of usury in any action. The term corporation, as used in this section, shall be construed to...
• 5-523 - Interest Permitted on Advances on Collateral Security.
  In any case in which advances of money, repayable on demand, to an amount not less than five thousand dollars, are made upon documents of...
• 5-524 - Taking Security Upon Certain Property for Usurious Loans.
  A person who takes security, upon any household furniture, sewing machines, plate or silverware in actual use, tools or implements of trade, wearing apparel or...
• 5-525 - Interest Charged by a Registered Broker or Dealer for Carrying Debit Balances.
  Interest charged by a broker or dealer registered under the securities exchange act of nineteen hundred thirty-four, as amended, for carrying a debit balance including...
• 5-526 - Interest on Secured Loans or Forbearances.
  1. Interest charged on loans or forbearances made to corporations for business or commercial purposes in the amount of one hundred thousand dollars or more...
• 5-527 - Enforceability of Compound Interest.
  1. A loan or other agreement providing for compound interest shall be enforceable notwithstanding the date that such loan or other agreement providing for such...
• 5-531 - Brokerage on Loans; Recovery of Excess; Effect of Restitution.
  1. No person shall, directly or indirectly, take or receive more than fifty cents for a brokerage, soliciting, driving or procuring the loan or forbearance...

Last modified: February 3, 2019