Legislation
SECTION 254
Creditor relationship
General Business (GBS) CHAPTER 20, ARTICLE 15
§ 254. Creditor relationship. Without limiting the scope of section
two hundred fifty-three, there shall be a rebuttable presumption that
the creditor shall have knowingly participated in or shall have been
directly connected with a consumer sale if:
(a) the creditor is a person related to the seller; or
(b) the seller prepared forms or documents used to evidence or secure
the consumer loan; or
(c) the creditor supplied forms to the seller which were used by the
consumer to apply for, evidence or secure the consumer loan.
two hundred fifty-three, there shall be a rebuttable presumption that
the creditor shall have knowingly participated in or shall have been
directly connected with a consumer sale if:
(a) the creditor is a person related to the seller; or
(b) the seller prepared forms or documents used to evidence or secure
the consumer loan; or
(c) the creditor supplied forms to the seller which were used by the
consumer to apply for, evidence or secure the consumer loan.