2012 New York Consolidated Laws
PEP - Personal Property
Article 10 - (401 - 422) RETAIL INSTALMENT SALES ACT
407 - Statements of account; receipts.


NY Pers Prop L § 407 (2012) What's This?
 
    §  407.  Statements  of  account;  receipts.  At  any  time  after its
  execution,  but  not  later  than  one  year  after  the  last   payment
  thereunder,  the  holder of a contract or obligation shall, upon written
  request of the buyer, give or forward to the buyer a  written  statement
  of  the  dates  and  amounts  of  payments and the total amount, if any,
  unpaid thereunder. Such a statement shall be supplied by the holder once
  each year without charge; if any additional statement  is  requested  by
  the  buyer,  the  holder  shall  supply such statement to the buyer at a
  charge not exceeding one dollar for each additional  statement  supplied
  to the buyer. A buyer shall be given a receipt for any payment when made
  in cash.

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