(a) By any person at a rate of interest not greater than the rate
prescribed by the superintendent of financial services pursuant to
section fourteen-a of this chapter, or, if no rate has been so
prescribed, six per centum per annum; or
(b) By a lending institution in accordance with the applicable
provisions of other laws authorizing and regulating the making of loans
by the lending institution.
Structure New York Laws
Article 12-B - Insurance Premium Finance Agencies
556 - Action by Superintendent on Application.
557 - License Provisions and Posting.
559 - Grounds for Revocation of License; Procedure.
560 - Investigations and Examinations.
561 - Regulations and Rulings.
563 - Violations and Penalties.
565 - Licensee's Books and Records; Reports.
567 - Form and Content of Premium Finance Agreements.
568 - Limitation on Service and Other Charges.
569 - Delinquency, Collection and Cancellation Charges; Attorney's Fees.
570 - Restrictions on Premium Finance Agreements.
571 - Delivery of Copy of Premium Finance Agreement.
572 - Notice of Assignment; Payments.
573 - Statement of Account; Receipts.
574 - Credit Upon Anticipation of Payments.
576 - Cancellation of Insurance Contract Upon Default.
577 - Interpretation of Article.