Consumer Credit

RCNY tit. 6, ch. 5, subch. A, pt. 3

in effect

6 RCNY § 5-21 Compliance with Federal, State and Local Laws Regarding the Extension of Credit.

§ 5-21 Compliance with Federal, State and Local Laws Regarding the Extension of Credit. (a) Scope. This section applies to all persons and businesses engaging in activities relating to consumer credit. In this section, such persons and businesses are called creditors. (b) Creditors must comply with all applicable federal, state and local laws relating to consumer credit.

6 RCNY § 5-23 Layaway Plans.

§ 5-23 Layaway Plans. Merchants who accept payment from a consumer that will be applied to the purchase of merchandise on a "layaway plan," as such term is defined in § 396-t of the New York General Business Law, must comply with all the requirements of that section.

6 RCNY § 5-24 Credit Card Limitations.

§ 5-24 Credit Card Limitations. (a) A seller who accepts credit cards must conspicuously disclose every limitation the seller imposes on their use and must comply with all provisions of New York General Business Law § 518. (b) Disclosures required by this section must appear at or near every entrance to the seller's business premises and in all advertising that indicates credit cards are accepted. Where a disclosure is required by this section to be consistent with the notice requirements of New York General Business Law § 518, such disclosure must be clearly and conspicuously posted in compliance with such section. (Amended City Record 6/6/2025, eff. 8/5/2025)

Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCrules/0-0-0-154840Fetched: 10/24/2026