Making a false statement of credit terms · as in force on May 31, 2026
§ 190.55 Making a false statement of credit terms.
A person is guilty of making a false statement of credit terms when he knowingly and willfully violates the provisions of chapter two of 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, by understating or failing to state the interest rate required to be disclosed, or by failing to make or by making a false or inaccurate or incomplete statement of other credit terms in violation of such act.
Making a false statement of credit terms is a class A misdemeanor.
A person commits this offense by knowingly and willfully violating the federal Truth in Lending Act or its regulations through understating or omitting the required interest rate, or by omitting or making a false, inaccurate, or incomplete statement of other credit terms. ★ It is a class A misdemeanor.
Marked in the text: penalties, time limits, sums of money. Editorial emphasis added by this edition; it does not appear in the statute as enacted.
This provision appears in Volume 4 — The Court Clerk: Penal Law; Volume 1 — The Court Officer in Plain English; Volume 3 — The Court Officer: Penal Law; Volume 3 — Your Career: Penal Law in Plain English.