N.Y. Banking Law § 353

§ 353. Limitation on licensee's charges on certain loans. No licensee\nshall directly or indirectly charge, contract for, or receive any\ninterest, discount, or consideration upon the loan, use, or forbearance\nof money, goods, or things in action, or upon the loan, use, or sale of\ncredit, of the amount or value of more than the maximum amounts\nprescribed in section three hundred forty of this article greater than\nthe rate permitted by section 5-501 of the general obligations law. The\nforegoing prohibition shall also apply to any licensee which permits any\nperson, as borrower or as endorser, guarantor, or surety for any\nborrower or otherwise, to owe directly or contingently or both to the\nlicensee at any time more than the maximum amounts prescribed in section\nthree hundred forty of this article.\n