Penal Law § 190.40 · Article 190. Other Frauds
Criminal usury in the second degree
Verbatim from the official edition
Text — Law content up to date as of October 23, 2026, as published by the New York State Senate (Open Legislation)
§ 190.40 Criminal usury in the second degree.
A person is guilty of criminal usury in the second degree when, not being authorized or permitted by law to do so, he knowingly charges, takes or receives any money or other property as interest on the loan or forebearance of any money or other property, at a rate exceeding twenty-five per centum per annum or the equivalent rate for a longer or shorter period.
Criminal usury in the second degree is a class E felony.
Source of truth
- Edition
- Law content up to date as of October 23, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/PEN190.40
- Text hash
- sha256 7183609f0cf9de6a3152849bb12b5c27c180bc44a36c03659b1fa9c426ea3b8b
- 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.