§ 254. Creditor relationship. Without limiting the scope of section two hundred fifty-three, there shall be a rebuttable presumption that the creditor shall have knowingly participated in or shall have been directly connected with a consumer sale if:

Terms Used In N.Y. General Business Law 254

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.

(a) the creditor is a person related to the seller; or

(b) the seller prepared forms or documents used to evidence or secure the consumer loan; or

(c) the creditor supplied forms to the seller which were used by the consumer to apply for, evidence or secure the consumer loan.

  Previous section
Next section  
 Article 15 Contents