3 CRR-NY 92.5NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 3. BANKING
CHAPTER I. GENERAL REGULATIONS OF THE SUPERINTENDENT
PART 92. VARIABLE RATE CLOSED-END RETAIL INSTALMENT CONTRACTS AND OBLIGATIONS ENTERED INTO BY RETAIL SELLERS
3 CRR-NY 92.5
3 CRR-NY 92.5
92.5 Generally accepted actuarial methods.
The term generally accepted actuarial method, as such term is used in sections 4 and 9 of chapter 641 of the Laws of 1984 shall not include any method which results or may result in the addition of unpaid credit service charge amounts to the outstanding principal indebtedness under the contract or obligation.
3 CRR-NY 92.5
Current through January 31, 2023
End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.