N.Y. Laws » CHAPTER General Business / ARTICLE Collateral Loan Brokers
New York Consolidated Laws

N.Y. General Business Law § 45 (2026)

Book to be open to inspection

✓ text as retrieved May 2026 (this copy records no edition or section history)
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§ 45. Book to be open to inspection. The said book and any and all
other books and records regularly kept by such collateral loan broker
shall at all reasonable times be open to the inspection of the attorney
general, the state comptroller, the mayor or local licensing authority,
all judges of the criminal courts, the superintendent of police, police
inspectors, captains of police and police justices of such cities, or
any or either of them, or of any person who shall be duly authorized in
writing for that purpose by any or either of them, and who shall exhibit
such written authority to such collateral loan broker. The mayor or the
licensing authority of any local governing body, the state comptroller,
the attorney general and any person duly authorized by them shall have
the power to administer oaths and to examine under oath any such
collateral loan broker or any officer, or agent, of such collateral loan
broker and any other person having custody or control of such books and
records. Such books and records shall be retained in the possession of
the collateral loan broker, in good condition and in an orderly fashion
for at least a period of six years.
Notes of Decisions
Cited in 2 cases, 2017–2019 · leading case: Collateral Loanbrokers Assn. of N.Y., Inc. v. City of New York, 148 A.D.3d 133 (N.Y. App. Div. 1st Dep't 2017).
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Collateral Loanbrokers Assn. of N.Y., Inc. v. City of New York, 148 A.D.3d 133 (N.Y. App. Div. 1st Dep't 2017). “), entered June 8, 2015, which, insofar as appealed from as limited by the briefs, granted plaintiffs’ motion for a preliminary injunction enjoining defendants from enforcing General Business Law § 45, New York City Charter §§ 435 and 436, Local Law No.”
Collateral Loanbrokers Assn. of N.Y., Inc. v. City of New York, 178 A.D.3d 598 (N.Y. App. Div. 1st Dep't 2019). “,), entered on or about April 5, 2019, which granted plaintiffs' motion for summary judgment, inter alia, enjoining defendants from enforcing General Business Law § 45, New York City Charter §§ 435 and 436, Local Law No.”
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