MyCity
About
State
Banking Department
This license allows lenders to charge interest rates above those permitted by law.
State law prohibits businesses from making loans of $25,000 or less to individuals or $50,000 or less to businesses with an interest rate above 16%. Higher interest rates may only be given by licensed lenders.
Additional resources
NYS Department of Financial Services (DFS)
Address
Licensed Financial Services
One State Street
New York NY 10004-1417
Licensed Financial Services
One State Street
New York NY 10004-1417
Website
http://www.dfs.ny.gov/
Phone
(212) 709-5507
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