Pet Leasing? Now Banned in New York State
New York outlaws the leasing of companion animals including dogs and cats. According to the Governor’s office the practice of leasing companion animals has resulted in balloon payments and predatory interest rates that lower income pet owners cannot afford. As a result, pets are repossessed, traumatizing both owners and their pets. The amended law will prohibit the use of a dog or a cat as security for payments in contracts and financing agreements with pet dealers.