New York Usurious & Payday Loan Collection Check

Live. Collecting a New York consumer or payday loan? GOL 5-501/5-511: over 16% from an unlicensed non-bank is void; over 25% is criminal; payday illegal.

Collecting a New York consumer, online or payday loan? Checks each loan and contact against GOL 5-501 and 5-511, Banking Law 14-a, 340 and 351 and Penal Law 190.40: above 16% from an unlicensed non-bank lender the loan is void, a NY bank forfeits interest, above 25% is criminal usury, payday loans are illegal and collecting a void loan claims a right that does not exist (GBL 601(8), FDCPA). Out-of-state and national banks are out of scope. Returns violation, review or ok per loan with citations. Nothing stored; not legal advice.

Price: $0.001 per call after 1,000 free per month.

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