Section 49-A. Statement to be filed by lenders upon assignment


Latest version.
  • 1.  Every
      person, firm or corporation engaged in  or  seeking  to  engage  in  the
      business  of  lending  money  upon  security  of an assignment of, or of
      purchasing upon discount future or accrued earnings, shall file with the
      clerk of the county in which said person, firm or  corporation  has  its
      place   of  business  or  transacts  business  a  statement  under  oath
      containing the name and residence of the individual; or  in  case  of  a
      firm,  the  names  and  residences  of the partners; or in the case of a
      corporation, the names and residences of  the  officers  and  directors,
      managers  or trustees of such corporation; and the place or places where
      said business is transacted by such an individual, firm or  corporation.
      It  shall  be unlawful to engage in the business of lending money in the
      manner set forth in this section without,  prior  to  engaging  in  such
      business, filing a statement as provided in this section.
        2.  The  several county clerks of the state shall keep an alphabetical
      index of all persons, firms or corporations filing certificates provided
      for  in  this  section;  and  for  the  indexing  and  filing  of   such
      certificates, the fee shall be as provided in the civil practice law and
      rules. A copy of such certificate, duly certified to by the county clerk
      in whose office the same was filed, shall be presumptive evidence of the
      facts contained therein in all courts of the state.