§ 190.40 Criminal usury in the second degree.\n A person is guilty of criminal usury in the second degree when, not\nbeing authorized or permitted by law to do so, he knowingly charges,\ntakes or receives any money or other property as interest on the loan or\nforebearance of any money or other property, at a rate exceeding\ntwenty-five per centum per annum or the equivalent rate for a longer or\nshorter period.\n Criminal usury in the second degree is a class E felony.\n
N.Y. Penal Law § 190.40
Criminal usury in the second degree
Applied in 40 court decisions — leading case Madden v. Midland Funding, LLC (2015)
Most recently applied in Crystal Springs Capital, Inc. v. Big Thicket Coin, LLC (October 2023)
2015-05-08
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.