ยง 42. Action on bond. If any person shall be aggrieved by the
misconduct of any such licensed collateral loan broker, and shall
recover judgment against him therefor, such person may, after the return
unsatisfied, either in whole or in part, of any execution issued upon
said judgment, maintain an action in his own name upon the bond of said
collateral loan broker in any court having jurisdiction of the amount
claimed, provided such court shall, upon application made for the
purpose, grant such leave to prosecute.
Structure New York Laws
Article 5 - Collateral Loan Brokers
41 - Licenses, How Obtained; Penalty for Carrying on Business Without License.
41-A - Continuing Education Requirement.
43 - Certain Entries to Be Made in Book.
45 - Book to Be Open to Inspection.
47-A - Collateral Loan Broker Dealing With a Child.
48 - Sale of Unclaimed Pledge by Collateral Loan Broker.
49 - Notice of Such Sale; Report.
51 - Violation of This Article.