General Obligations Law § 5-513 · Title 5. Interest and Usury; Brokerage On Loans
Recovery of excess
Verbatim from the official edition
Text — Law content up to date as of July 24, 2026, as published by the New York State Senate (Open Legislation)
§ 5-513. Recovery of excess. Every person who, for any such loan or forbearance, shall pay or deliver any greater sum or value than is allowed to be received pursuant to section 5-501, and his personal representatives, may recover in an action against the person who shall have taken or received the same, and his personal representatives, the amount of the money so paid or value delivered, above the rate aforesaid.
Source of truth
- Edition
- Law content up to date as of July 24, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/GOB5-513
- Text hash
- sha256 da126cc467cd3199fa6b60e13b11936e057b5145d91871a0cbc76e20f21e1ddf
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.