New York S04604 exempts providers from liability if actual APR differs from estimated APR.
New York S04604 amends the financial services law by adding a new section 813. This section ensures that providers are not held liable if the actual annual percentage rate (APR) charged differs from the estimated APR disclosed, provided the provider acted in good faith and in compliance with applicable rules and regulations. This act takes effect immediately.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.