[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-279974-105":53,"doc-detail-279974-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","letter-to-all-debt-collectors-operating-in-the-state-of-new-york-notification-on-illegal-payday-loan-debt-collection","Letter to All Debt Collectors Operating in the State of New York - Notification on Illegal Payday Loan Debt Collection","","Notification letter from Benjamin M. Lawsky, Superintendent of Financial Services, to all debt collectors operating in New York regarding payday loan debt collection. The Department states it sent cease-and-desist letters to 35 payday loan companies for charging New York consumers interest rates exceeding legal limits, and orders collectors not to pursue debts created by usurious original transactions. The letter highlights that void and unenforceable loans, and collection attempts violating the Fair Debt Collection Practices Act, will be aggressively enforced.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/letter-to-all-debt-collectors-operating-in-the-state-of-new-york-notification-on-illegal-payday-loan-debt-collection/279974/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/letter-to-all-debt-collectors-operating-in-the-state-of-new-york-notification-on-illegal-payday-loan-debt-collection/279974.png","ImageObject",442,249,{"name":88,"@type":89},"Oliver Hayes","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-28","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",10,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What instruction does the letter give to debt collectors in New York?","Question",{"text":109,"@type":110},"Debt collectors should not attempt to collect payday-loan debts originating from transactions that are usurious, unless they confirm the original transactions were not usurious.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"Why are the named payday loan companies being targeted?",{"text":114,"@type":110},"They were directed to cease and desist offering and making usurious payday loans in New York, where investigations found charged interest rates far above the legal limit.",{"name":116,"@type":107,"acceptedAnswer":117},"What makes a payday loan illegal or void under New York law, according to the letter?",{"text":118,"@type":110},"Loans by non-bank lenders in New York with interest rates above statutory maximums (including typical payday loans) are described as civilly usurious and illegal; higher rates may constitute criminal usury.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},279974,1790175198,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":9},687207020761,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","FROM: Benjamin M. Lawsky, Superintendent of Financial Services RE: Letter to All Debt Collectors Operating in the State of New York  \nThe Department of Financial Services recently sent letters to 35 payday loan companies directing them to cease and desist offering and making usurious payday loans in New York via the Internet or by other means. The Department’s ongoing investigation has shown that these companies have charged New York consumers for payday loans with interest rates many times the legal limit. Persons and entities collecting on debts in New York should not attempt to collect on payday loan debts from these 35 companies unless they confirm that the original transactions creating the debts were not usurious.  \nDebt collectors are reminded that subject to the provisions of General Obligations Law § 5-511, loans offered in New York by non-bank lenders, with an interest rate above the statutory maximums, including payday loans, are void and unenforceable. Attempts to collect on debts that are void or unenforceable violate General Business Law § 601(8) and 15 U.S.C. §§ 1692e(2) and1692f(1) of the Fair Debt Collection Practices Act.  \nPayday loans are short-term loans, typically an advance on a future paycheck or other income source. In New York, under General Obligations Law § 5-501 and Banking Law § 14-a, loans or forbearances under $250,000, made by non-bank lenders, with an interest rate exceeding 16 percent per annum, constitute civil usury and are illegal. Further, under New York Penal Law §§  \n190.40-42, loans made in New York with an interest rate exceeding 25 percent per annum constitute criminal usury.  \nThe Department of Financial Services will aggressively enforce the law against any person or entity attempting to collect debts on illegal payday loans made to New York consumers on behalf of the following companies:  \nABJT Funding, LLC d/b/a Dollar Premier  \nAdvance Me Today  \nAmerican Web Loans  \nArcher Direct, LLC  \nBayside Loans  \nBD PDL Services, LLC d/b/a Bottom Dollar Payday  \nBlue Sky Finance, LLC d/b/a ExtraFunds Cash  \nBS Financial Group Inc. d/b/a Payday Accelerated  \nCash Jar  \nCash Yes  \nDiscount Advances  \nDMA Financial Corp. d/b/a VIP Q-Loot  \nEastside Lenders, LLC  \nFast Cash Personal Loans  \nGolden Valley Lending  \nGovernment Employees Credit Center, Inc. d/b/a Cash Direct Express  \nGreat Plains Lending, LLC  \nHorizon Opportunities, LLC d/b/a/ Lifestyle Services  \nLoan Point USA Online  \nMNE Services, Inc. d/b/a AmeriLoan, UnitedCashLoans, US Fast Cash, 500 Fast Cash MobiLoans, LLC  \nMyCashNow  \nNational Opportunities Unlimited, [Inc. d/b/a Itsmypayday.com](Inc. d/b/a Itsmypayday.com)  \n[Northway Broker Ltd. d/b/a Zip19](Northway Broker Ltd. d/b/a Zip19)  \n[PayDayMax Ltd.](PayDayMax Ltd.)  \nPeak 3 Holding, LLC d/b/a iCashLoans  \nPlain Green, LLC  \nRed Rock Tribal Lending, [LLC d/b/a CastlePayday.com](LLC d/b/a CastlePayday.com)  \n[SCS Processing d/b/a Everest Cash Advance](SCS Processing d/b/a Everest Cash Advance)  \n[SFS](SFS), Inc. d/b/a One Click Cash, Preferred Cash Loans  \nSonic Cash  \nSure Advance, LLC  \nTribal Credit Line d/b/a Quick Credit 911  \nUnited Consumer Financial Services, Inc. d/b/a EZPaydayCash  \nWestern Sky Financial, LLC  \nThank you for your attention to this serious matter.","cbCaigZkx2t0Ph4S","https://ap.wps.com/l/cbCaigZkx2t0Ph4S","pdf",136156,"English","# Letter to All Debt Collectors Operating in the State of New York\n## Summary of enforcement action\n## Legal basis for void/unenforceable payday loans\n## Definition of civil and criminal usury\n## Companies named for enforcement","[{\"question\":\"What instruction does the letter give to debt collectors in New York?\",\"answer\":\"Debt collectors should not attempt to collect payday-loan debts originating from transactions that are usurious, unless they confirm the original transactions were not usurious.\"},{\"question\":\"Why are the named payday loan companies being targeted?\",\"answer\":\"They were directed to cease and desist offering and making usurious payday loans in New York, where investigations found charged interest rates far above the legal limit.\"},{\"question\":\"What makes a payday loan illegal or void under New York law, according to the letter?\",\"answer\":\"Loans by non-bank lenders in New York with interest rates above statutory maximums (including typical payday loans) are described as civilly usurious and illegal; higher rates may constitute criminal usury.\"}]","Letter to All Debt Collectors Operating in the State of New York - Notification on Illegal Payday Loan Debt Collection | PDF",1789530983]