State Codes and Statutes

Statutes > New-york > Bnk > Article-12-b > 577

§ 577.  Interpretation  of  article. This article does not affect: (1)  the inclusion of amounts for insurance in retail instalment contracts or  obligations in accordance with the motor vehicle retail instalment sales  act or the retail instalment sales act; (2) the inclusion of amounts for  insurance in retail  lease  agreements  in  accordance  with  the  motor  vehicle  retail  leasing act; or (3) the making of loans for the purpose  of financing insurance premiums:    (a) By any person at a rate of interest  not  greater  than  the  rate  prescribed  by  the banking board 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.

State Codes and Statutes

Statutes > New-york > Bnk > Article-12-b > 577

§ 577.  Interpretation  of  article. This article does not affect: (1)  the inclusion of amounts for insurance in retail instalment contracts or  obligations in accordance with the motor vehicle retail instalment sales  act or the retail instalment sales act; (2) the inclusion of amounts for  insurance in retail  lease  agreements  in  accordance  with  the  motor  vehicle  retail  leasing act; or (3) the making of loans for the purpose  of financing insurance premiums:    (a) By any person at a rate of interest  not  greater  than  the  rate  prescribed  by  the banking board 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.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bnk > Article-12-b > 577

§ 577.  Interpretation  of  article. This article does not affect: (1)  the inclusion of amounts for insurance in retail instalment contracts or  obligations in accordance with the motor vehicle retail instalment sales  act or the retail instalment sales act; (2) the inclusion of amounts for  insurance in retail  lease  agreements  in  accordance  with  the  motor  vehicle  retail  leasing act; or (3) the making of loans for the purpose  of financing insurance premiums:    (a) By any person at a rate of interest  not  greater  than  the  rate  prescribed  by  the banking board 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.