§ 143-a. Information to be given to public welfare officials by retail instalment sellers, small loan companies and sales finance companies. If requested by an authorized representative of the department or by an authority charged with the duty of administering laws relating to public assistance or care in any village, town, city or county, the officials or executives of any corporation or partnership and all persons engaged in selling goods or furnishing services to retail buyers for a time sale price payable in instalments, or in making personal loans whether as a licensed lender under the banking law or otherwise, and any sales finance company as defined in Article 10 of the banking law, shall furnish to such representatives or authority such information of which such officials, executives or persons shall have cognizance relating to transactions with a recipient of or an applicant for public assistance or care named in such request. Such facts shall include a description of the goods or services sold and the amount of the obligation incurred therefor, the amount of any loan made, the amounts paid and the balance owing, the place of employment, the wages, salaries, earnings or other income, guarantors or co-signers, and all other information furnished by the persons named for the purpose of obtaining credit.

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Terms Used In N.Y. Social Services Law 143-A

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.