New York § 252 - 252Definitions
Full text of New York New York Consolidated Laws § 252 — 252Definitions, with citation guidance and answers to common questions.
§ 252. 252Definitions
§ 252. Definitions. For purposes of this article: (a) The term "consumer" means an individual. (b) The term "creditor' means a person regularly engaged in the business of making loans. (c) The term "seller" means a person who sells or agrees to sell personal property or furnishes or renders or agrees to furnish or render services. (d) The term "consumer loan" means a loan of money by a creditor to a consumer for which the consumer's obligation is payable in installments or for which a finance or other charge is or may be imposed. (e) The term "consumer sale" means a sale by a seller to a consumer of personal property or services for personal, family or household purposes. (f) The term "person related to the seller" means with respect to an individual seller: (1) the spouse of the seller; (2) a brother, brother-in-law, sister or sister-in-law of the seller; (3) an ancestor or lineal descendant of the seller or his spouse; and (4) any other relative, by blood or marriage of the seller or his spouse who shares a residence with the seller. (g) The term "person related to the seller" means with respect to any other seller: (1) a person directly or indirectly controlling, controlled by or under common control with the seller; (2) an officer or director of the seller, or a person performing similar functions with respect to the seller; the spouse of any such person; and any other relative by blood or marriage of any such person who shares a residence with such person. (h) A creditor who is not an individual shall be a "person related to the seller" if an officer of the creditor or a person performing similar functions, whose duties include participation in or supervision over the consumer loan the proceeds of which were primarily used in the consumer sale, is a person related to the seller under (f) and (g) of this section.
Frequently Asked Questions About New York § 252
What does New York Consolidated Laws § 252 cover?
Section 252 ("252Definitions") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 252?
A common citation format is "New York Consolidated Laws § 252" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 252 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.