(a) the assignment by its terms is revocable at the will of the
borrower; or
(b) the assignment is a payroll deduction plan.
2. No assignment of wages or other earnings given to secure any loan
hereunder shall be valid unless the amount of such loan is paid to the
borrower simultaneously with its execution.
Structure New York Laws
340 - Doing Business Without License Prohibited.
341 - Application for License; Fees; Capital Requirements.
342 - Conditions Precedent to Issuing License; Procedure Where Application Denied.
343 - License Provisions; Separate License for Each Place of Business; Change of Location.
344 - Issuance of License Upon Acquisition of Business of Licensed Lender.
345 - Application for Acquisition of Control of Licensed Lender by Purchase of Stock.
347 - Grounds for Revocation or Suspension of License; Procedure.
348 - Superintendent Authorized to Examine.
349 - Licensee's Books and Records; Reports.
350 - Restrictions Concerning Advertising, Liens on Real Estate, and Places Where Loans Made.
351 - Restrictions on Loans Subject to the Provisions of This Article; Interest; Other Charges.
352 - Acts Required of Licensees; Acts Prohibited.
353 - Limitation on Licensee's Charges on Certain Loans.
354 - Restrictions on Assignments of Compensation for Services.