ยง 52. Term "collateral loan broker", how to be construed. 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.
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.