NY Banking L § 352 (2021)
2021 New York Laws BNK - Banking Article 9 - Licensed Lenders 352 - Acts Required of Licensees; Acts Prohibited.

§ 352.  Acts  required  of  licensees; acts prohibited. Every licensee   shall:Deliver to the borrower at the time any loan is made or prior  to  the   first  advance  under  an  open-end  loan  agreement a statement, in the   English language showing in  clear  and  distinct  terms  the  name  and   address of the borrower and of the licensee and all items required to be   disclosed by 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.For each cash payment made on account of any closed-end loan, give  to   the  person  making  it  at  the  time  the payment is made, a plain and   complete receipt containing the information required by  regulations  of   the superintendent.Permit  payment  to  be  made  in  advance  in  any amount on any loan   agreement at any time, but the licensee may initially apply such payment   to all interest and other charges due to the date of such payment.Upon repayment of the loan in full, mark  indelibly  every  obligation   signed  by  the  borrower  or  a  copy  thereof  with the word "paid" or   "cancelled", and release any mortgage or security  agreement  no  longer   securing  an  obligation of the borrower, restore any pledge, cancel and   return any note or a copy thereof, and cancel and return any  assignment   or  a  copy  thereof  given to the licensee by the borrower. An open-end   loan shall not be deemed to be repaid in full for  this  purpose  unless   any  balance  is paid in full and the borrower relinquishes all power to   receive further advances under the contract and makes a written  request   for  the  release  of  all collateral for the loan. Every licensee which   holds collateral of a borrower shall be fully liable for the  return  of   the collateral upon payment of the indebtedness in full.No licensee shall collect, evaluate, report or maintain in the file on   a  borrower the credit worthiness, credit standing or credit capacity of   members of the borrower's social network for purposes of determining the   credit worthiness of the borrower; the average credit worthiness, credit   standing or credit capacity of members of the borrower's social network;   or any group score that is not the  borrower's  own  credit  worthiness,   credit  standing  or  credit  capacity. The provisions of this paragraph   shall be enforced concurrently by the superintendent and the director of   the division  of  consumer  protection  and  each  shall  utilize  their   consumer  complaint  and  assistance  hotlines to document complaints by   borrowers who believe that group credit ratings of  their  social  media   network  are  being  used  to deny them credit. The superintendent shall   ensure that the credit scoring formulas filed with the department do not   contain variables which account for internet viewing history as part  of   that formula by asking the licensee to certify to that fact.No  licensee  shall  take  any  confession of judgment or any power of   attorney running to himself or to any third person to  confess  judgment   or to appear for the borrower in a judicial proceeding.No  licensee  shall take any instrument in which blanks are left to be   filled in after execution.