N.Y. Financial Services Law § 810: Additional information

§ 810. Additional information. Nothing in this article shall prevent a

provider from providing or disclosing additional information on a

commercial financing being offered to a recipient, provided however,

that such additional information shall not be disclosed as part of the

disclosure required by this article. If other metrics of financing cost

are disclosed or used in the application process of a commercial

financing, these metrics shall not be presented as a "rate" if they are

not the annual interest rate or the annual percentage rate. The term

"interest", when used to describe a percentage rate, shall only be used

to describe annualized percentage rates, such as the annual interest

rate. When a provider states a rate of finance charge or a financing

amount to a recipient during an application process for commercial

financing, the provider shall also state the rate as an "annual

percentage rate", using that term or the abbreviation "APR".