Di Nome v. Personal Finance Co. of New York

This defendant is a “ licensed lender ” under article 9 of the Banking Law — the “ Small Loans Act.” Section 353 thereof provides: “ Every licensee shall: Deliver to the borrower at the time any loan is made a statement * * * in the English language showing in clear and distinct terms the amount and date of the loan and of its maturity, the nature of the security, if any, for the loan, the name and address of the borrower and of the licensee, and the agreed rate of charge * * *.” o

Plaintiff borrowed from the defendant $190 on a promissory note secured by a chattel mortgage. The debt was to be…