Loan Rules and Licensed Lenders in New York

Complete guide to payday, installment, bad credit, title, and consolidation loan rules in New York. See what is legal, what the rate caps are, and how to find a licensed lender.

Call free (800) 236-7761 Toll-free. Weekdays 7am to 10pm, weekends 9am to 6pm Central.

Quick answer

New York is served by the New York State Department of Financial Services (DFS). Most loan types are available, each with its own limits and licensing requirements. Call (800) 236-7761 or use the form to see which lenders are active in New York today.

RegulatorNew York State Department of Financial Services (DFS)

Phone(800) 342-3736

ComplaintsFile a complaint

Loan products in New York

The table below summarises each product's legal status and key limits under New York law. Click a product to see the detailed guide.

Loan type	Status	Key limits
Payday loans	Not permitted	Not available in New York
Cash advance	Not permitted	Not available in New York
Title loans	Not permitted	Not available in New York
Installment loans	Restricted	State limits apply
Bad credit loans	Restricted	Same legal rules as installment unless noted; no separate bad-credit statute found in primary source
Debt consolidation	Unclear	Check with the state regulator
Refinance	Restricted	Consumer loan refinance falls under the Licensed Lender Law (16%/25% caps, Article IX) [s3]; mortgag

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Cities in New York

Select a city to see local lender availability and area-specific alternatives.