General Obligations Law 5-513 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 5-511 Usurious contracts void up TITLE 5 Interest and Usury; Brokerage On Loans next SECTION 5-515 Borrower bringing an action need not offer to repay Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 5-513 Recovery of excess General Obligations (GOB) CHAPTER 24-A, ARTICLE 5, TITLE 5 § 5-513. Recovery of excess. Every person who, for any such loan or forbearance, shall pay or deliver any greater sum or value than is allowed to be received pursuant to section 5-501, and his personal representatives, may recover in an action against the person who shall have taken or received the same, and his personal representatives, the amount of the money so paid or value delivered, above the rate aforesaid.