New York S01726 sets interest rate limits for financing arrangements and consumer credit, defines criminal usury, and outlines the attorney general's.

New York S01726 amends several state laws to establish interest rate limitations for financing arrangements and consumer credit. It sets a maximum interest rate of 25% per annum for financing arrangements over $250,000, except for those secured by residential real property. The bill also revises the definitions of criminal usury in the first and second degrees, classifying them as felonies and misdemeanors, respectively.

New York S01726 sets interest rate limits for financing arrangements and consumer credit, defines criminal usury, and outlines the attorney general's.

New York S01726 amends several state laws to establish interest rate limitations for financing arrangements and consumer credit. It sets a maximum interest rate of 25% per annum for financing arrangements over $250,000, except for those secured by residential real property. The bill also revises the definitions of criminal usury in the first and second degrees, classifying them as felonies and misdemeanors, respectively.