Payday loan laws in New York

  • Statutory citation: N.Y. Banking Law 340 et seq.; N.Y. Banking Law 373.; N.Y. Penal Code 190.40.
  • Legal status: Prohibited

Lending specifications:

  • Small loan charges: 25% per year

Complaint cell:

  • Regulator: New York State Banking Department
  • Address: 1 State St, New York, NY 10004
  • Phone: 212-480-6400
  • Toll free: 1-800-342-3736
  • Regulatory contact: Dianne E. Dixon, Deputy Superintendent of Consumer Services
  • Website: http://www.dfs.ny.gov/
  • File complaint: http://www.dfs.ny.gov/consumer/fileacomplaint.htm

Last Updated on: 07 Apr 2016

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