N.Y. General Business Law § 46: Rate of interest

§ 46. Rate of interest. Notwithstanding any general or special

statutes, local laws and ordinances to the contrary, no collateral loan

broker shall ask, demand or receive any greater rate of interest than

four per centum per month, or any fraction of a month, and a notice

containing a list of such rates of interest as herein provided and in

accordance with the act of congress entitled "Truth in Lending Act" and

the regulations thereunder, as such act and regulations may from time to

time be amended shall be conspicuously displayed within the premises of

such collateral loan broker. A minimum interest charge of twenty-five

cents per month may be made on any loan.

No collateral loan broker shall receive or be entitled to any interest

or charges as provided by this article on any loan for any period of

time exceeding fifteen months from the date of the making of such loan,

provided however that where a loan is extended at the direct request of

the pledgor, the collateral loan broker may receive and be entitled to

any interest or charges provided by this article on such loan for any

period of time not to exceed fifteen months from the date of such

extension.