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What is NYC AC § 20-782?

Quick Answer

This section requires any person offering payday loans in New York City to submit the residential zip codes of consumers who have entered into such loans on a quarterly basis. The Department and the Council are responsible for enforcing this statute. Applies to entities providing payday loans within the city.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 20-782 Consumer information.

AC § 20-782

Not later than the first day of February of the year two thousand and five and on a quarterly basis thereafter, not later than February first, May first, August first, and November first of each year, any person offering, providing, or facilitating a payday loan in New York city shall submit to the department and the council the residential zipcode of each consumer who lives within the city boundaries and has entered into a payday loan during the immediately preceding quarter. (Am. L.L. 2020/080, 8/28/2020, eff. 8/28/2020) Editor's note: For related unconsolidated provisions, see Appendix A at L.L. 2005/015 and L.L. 2020/080.

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