N.Y. General Business Law § 604-ee: Right of action against person who causes another to incur coerced debt

§ 604-ee. Right of action against person who causes another to incur

coerced debt. A person shall not cause another person to incur a coerced

debt. 1. A person who causes another person to incur a coerced debt in

violation of this section shall be civilly liable to the creditor and/or

the debtor in whose name such coerced debt was incurred if such debtor

has already paid all or part of such coerced debt, for the amount of

such debt, or portion thereof, including for any deficiency after the

foreclosure, repossession or surrender and disposition of the subject

collateral of a secured debt, determined by the court to be a coerced

debt, as well as such creditor's and/or debtor's costs and attorneys'

fees reasonably incurred in bringing the action.

2. An action under this section shall be commenced within three years

of the later of: (a) the creditor's determination that all or part of

such debt is coerced debt; or (b) a court's determination that all or

part of such debt is coerced debt.