Dell Inc. has agreed to pay $4 million to settle a deceptive business practices lawsuit filed by the New York Attorney General’s office.

The settlement agreement was reached between the state of New York, Round Rock-based Dell (Nasdaq: DELL) and Dell Financial Services, according to New York Attorney General Andrew Cuomo.

The two Dell defendants agreed to pay $4 million in restitution, penalties and costs to settle charges of fraudulent and deceptive business practices when doing business with New York consumers. The company, which is the No. 2 computer maker in the world, is also required to change its advertising, sales and financing practices.

Dell posted $61.1 billion in revenue during fiscal 2009.

Dell was charged with consumer deception regarding finance terms, warranties and rebates. The New York Attorney General accused the computer company of engaging in “fraud, false advertising, deceptive business practices and abusive debt collection practices.”

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