Scottsville at a glance
- Population: 1,995 — 304th in New York, which has 595 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 Census recorded 2,049 residents here (US Census Bureau).
- 2020 to 2023 change: roughly 2.6% fewer residents than at the 2020 Census (US Census Bureau).
- Rank among New York places: 304th of 595 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 49% of New York's Census places by population (US Census Bureau).
- Coordinates: 43.0223 / -77.7534, per the US Census Bureau Gazetteer.
- Nearest larger cities: Caledonia, NY (6 mi); Avon, NY (8 mi); Churchville, NY (9 mi); Honeoye Falls, NY (9 mi); Lima, NY (11 mi); US Census Bureau population estimates.
- Nearest smaller places: Bergen, NY (10 mi); Pittsford, NY (13 mi); Livonia, NY (14 mi) (US Census Bureau estimates).
What a personal loan costs in Scottsville
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
A longer repayment period spreads the cost and increases the interest paid, so compare total cost, not just the monthly figure.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
New York lending rules that apply in Scottsville
Read the table as the compliance picture for a lender serving Scottsville: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 16% per annum maximum civil rate (Banking Law 14-a; General Obligations Law 5-501) Source says: "The maximum rate of interest provided for in section 5-501 of the general obligations law shall be sixteen per centum per annum." | New York State Senate (Open Legislation) as of 2026-09-16 |
| Payday lending status | Illegal in New York State, in person, by telephone, or over the Internet Source says: "Payday loans are illegal in New York State." | New York State Department of Financial Services as of 2026-09-16 |
| Small-loan / installment lender licensing | Licensed Lender license required (Banking Law Article 9, sections 340-361); administered via NMLS Source says: "The Department of Financial Services uses the Nationwide Multistate Licensing System and Registry (NMLS) to manage the Licensed Lender License." | New York State Department of Financial Services as of 2026-09-16 |
| State lending regulator | New York State Department of Financial Services (DFS) Source says: "Notify the Department of Financial Services at (800) 342-3736 if you believe payday loans are being made in New York" | New York State Department of Financial Services as of 2026-09-16 |
| Criminal usury in the second degree (Penal Law 190.40) | Interest rate exceeding 25% per annum; class E felony Source says: "at a rate exceeding twenty-five per centum per annum or the equivalent rate for a longer or shorter period" | New York State Senate (Open Legislation) as of 2026-09-16 |
How to compare offers in Scottsville
The order below is a sensible way to approach a loan in Scottsville:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in New York using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.