N.Y. General Business Law 753-E – Prohibited contracts
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§ 753-e. Prohibited contracts. No contract for the purchase of a dog or a cat or the financing of such purchase shall include any provisions which authorize the use of a dog or a cat as security where such dog or cat may be repossessed by the seller or lender contingent on the purchaser making payments under such contract. Provided, however, nothing in this section shall prohibit the purchase of a dog or cat through an unsecured personal loan, nor be construed to limit the enforcement of other provisions of this article, Article 26-a of the agriculture and markets law or other rights or remedies which are otherwise available to all parties under any other law.
Terms Used In N.Y. General Business Law 753-E
- Contract: A legal written agreement that becomes binding when signed.