202 - Rates of interest; installment obligations; personal loan departments; effect of usury

§  202.  Rates  of  interest;  installment  obligations; personal loan  departments; effect of usury. Branches and agencies of  foreign  banking  corporations  licensed  to  do business in this state may make loans and  offer extensions of credit to the same extent and subject  to  the  same  conditions as banks and trust companies may make loans and extend credit  pursuant  to  the  provisions of subdivisions four-a and five of section  one hundred three of this chapter and section one hundred eight of  this  chapter.  Without  limiting the foregoing, a foreign banking corporation  licensed pursuant to article two of this chapter to maintain one or more  branches or agencies in this state, may, in pursuance of  its  otherwise  lawful  powers  under  this chapter, take, receive, reserve or charge on  any loan or discount made, or upon any note, bill of exchange  or  other  evidence  of  debt,  negotiable  or otherwise, interest at such rate and  such other charges and  fees  as  a  bank  or  trust  company  shall  be  permitted  to  charge  under the provisions of the laws of this state or  the laws of the United States, with respect to the same class or classes  of loans or transactions to which such rate or  such  charges  and  fees  shall be applicable.