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52 — New York Law | CourtGPT
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  5. Article 5 - Collateral Loan Brokers40 - Licenses/
  6. 52
New York Legal Code

52

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The term 'collateral loan broker' contained in this article shall be construed so as to include any person, partnership, or corporation: (1) loaning money on deposit or pledge of personal property, other than securities or printed evidences of indebtedness; or (2) dealing in the purchasing of personal property on condition of selling back at a stipulated price; or (3) designated or doing business as furniture storage warehousemen, and loaning and advancing money upon goods, wares or merchandise pledged or deposited as collateral security.