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MATTER OF STATE v. AVCO FIN. SERV. OF NEW YORK, INC.

70 A.D.2d 859 (1979)

In the Matter of The State of New York, Respondent, v. Avco Financial Service of New York, Inc., Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

June 28, 1979

Affirmed, without costs or disbursements.

Following a consumer complaint, the Attorney-General conducted an investigation into the alleged use by appellant (Avco) of a security clause in its loan agreement. As a result, he instituted this proceeding under subdivision 12 of section 63 of the Executive Law, to enjoin as fraudulent and illegal, the persistent use of the clause. Avco is a licensed lender under article 9 of the...

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