New York A04810 amends the financial services law to protect providers from liability if the actual annual percentage rate differs from the estimated.
New York A04810 amends the financial services law by adding a new section 813. This new section ensures that providers are not held liable if the actual annual percentage rate charged differs from the estimated rate disclosed, provided the provider acted in good faith. This change aims to protect providers from potential legal issues arising from minor discrepancies in disclosed rates.
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