Penal Law § 190.55 · Article 190. Other Frauds
Making a false statement of credit terms
Text — Law content up to date as of October 23, 2026, as published by the New York State Senate (Open Legislation)
§ 190.55 Making a false statement of credit terms.
A person is guilty of making a false statement of credit terms when he knowingly and willfully violates the provisions of chapter two of the act of congress entitled "Truth in Lending Act" and the regulations thereunder, as such act and regulations may from time to time be amended, by understating or failing to state the interest rate required to be disclosed, or by failing to make or by making a false or inaccurate or incomplete statement of other credit terms in violation of such act.
Making a false statement of credit terms is a class A misdemeanor.
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/PEN190.55
- Text hash
- sha256 c1c1d892a70cb0cb114167fa703b5b20d862b875d1847892787b5a77f93cd83c
- 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.