NY Pers Prop L § 301 (2021)
2021 New York Laws PEP - Personal Property Article 9 - Motor Vehicle Retail Instalment Sales Act 301 - Definitions.

§  301.  Definitions.  In  this article, unless the context or subject   matter otherwise requires:1. "Motor vehicle" or "vehicle" means any device propelled or drawn by   any power other than muscular power, upon or  by  which  any  person  or   property  is  or may be transported or drawn upon a public highway, road   or street except that it shall not include a "snowmobile" as defined  in   subdivision three of section 21.05 of the parks, recreation and historic   preservation  law.  "Motor  vehicle"  or  "vehicle" also means a "mobile   home" or a "manufactured home". "Mobile  home"  or  "manufactured  home"   means  a  structure, transportable in one or more sections, which in the   traveling mode, is eight body feet or more in width or forty  body  feet   or  more  in length, or when erected on site, is three hundred twenty or   more square feet, and which is built on a permanent chassis and designed   to be used as a dwelling with or without  a  permanent  foundation  when   connected  to  required  utilities,  and includes the plumbing, heating,   air-conditioning and electrical systems contained therein.2. "Retail buyer" or "buyer" means a person who buys a  motor  vehicle   from  a  retail  seller and who executes a retail instalment contract in   connection therewith.3. "Retail seller" or "seller"  means  a  person  who  sells  a  motor   vehicle  to  a  retail  buyer  under  or  subject to a retail instalment   contract.4. "Retail instalment sale" or "sale" means a sale, other than  for  a   commercial  or  business  use  or  for the purpose of resale, of a motor   vehicle by a retail seller to a retail  buyer  for  a  time  sale  price   payable  in  two  or  more instalments, payment of which is secured by a   retail instalment contract. The cash sale price of  the  motor  vehicle,   the  amount,  if  any,  included for insurance, official fees and credit   service charge shall together constitute the time sale price.5. "Retail instalment contract"  or  "contract"  means  an  agreement,   entered into in this state, pursuant to which the title to, the property   or  a  security interest in or a lien upon a motor vehicle, which is the   subject matter of a retail instalment sale, is retained or  taken  by  a   retail  seller from a retail buyer as security, in whole or in part, for   the buyer's obligation. The term includes  such  an  agreement  wherever   entered  into if executed by the buyer in this state and if solicited in   person by a salesman or other person acting on his own behalf or that of   the seller. The  term  also  includes  a  contract  whereby  a  security   interest  in  favor  of the seller is created or retained and a contract   for the bailment or leasing of a motor vehicle by which  the  bailee  or   lessee  contracts to pay as compensation for its use a sum substantially   equivalent to or in excess of its value and by which it is  agreed  that   the  bailee  or  lessee  is  bound  to  become, or for no other or for a   nominal consideration has the option of becoming, the owner of the motor   vehicle upon full compliance with the terms of the contract.6. "Cash sale price" means the cash sale  price  stated  in  a  retail   instalment  contract  for  which the seller would sell to the buyer, and   the buyer would buy from the seller, the  motor  vehicle  which  is  the   subject matter of the retail instalment contract if the sale were a sale   for  cash  instead  of a retail instalment sale. The cash sale price may   include any taxes, registration, license and other fees and charges  for   insurance,  for  accessories  and their installation and for delivering,   servicing, repairing or  improving  the  motor  vehicle  and  for  other   services  incidental  to  the  agreement. It also may include the unpaid   balance of any amount financed under an outstanding motor  vehicle  loan   agreement  or  motor  vehicle  retail  instalment contract or the unpaid   portion of the early termination obligation under an  outstanding  motor   vehicle retail lease agreement. 7.  "Official  fees" means the filing or other fees required by law to   be paid to a public officer to perfect the interest or lien, in or on  a   motor  vehicle,  retained or taken by a seller under a retail instalment   contract, and to file or record a release, satisfaction or discharge  of   the contract.8.  "Credit  service charge" means that part of the time sale price by   which it exceeds the aggregate of the cash sale price and the amount, if   any, included in a retail instalment sale  for  insurance  and  official   fees.9.  "Financing agency" means a person engaged, in whole or in part, in   the business of purchasing retail instalment contracts from one or  more   retail  sellers.  The  term includes but is not limited to a bank, trust   company, savings bank, savings and loan association, private  banker  or   investment  company,  if  so  engaged.  The  term also includes a retail   seller engaged, in whole or in part, in the business of  holding  retail   instalment contracts acquired from retail buyers.10.  The  "holder"  of  a  retail instalment contract means the retail   seller of the motor vehicle under or subject to the contract or, if  the   contract  is  purchased  by  a  financing  agency or other assignee, the   financing agency or other assignee.11.  "Person"   means   an   individual,   partnership,   corporation,   association or other group, however organized.12. Words in the singular include the plural and vice versa.