N.Y. General Obligations Law § 5-524: Taking security upon certain property for usurious loans

§ 5-524. Taking security upon certain property for usurious loans. A

person who takes security, upon any household furniture, sewing

machines, plate or silverware in actual use, tools or implements of

trade, wearing apparel or jewelry, for a loan or forbearance of money,

or for the use or sale of his personal credit, conditioned upon the

payment of a greater rate than the rate prescribed by the superintendent

of financial services pursuant to section fourteen-a of the banking law,

or, if no rate has been so prescribed, six per centum per annum, or who

as security for such loan, use or sale of personal credit as aforesaid,

makes a pretended purchase of such property from any person, upon the

like condition, and permits the pledgor to retain the possession thereof

is guilty of a misdemeanor.