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2012 New York Consolidated Laws
PEP - Personal Property
Article 9 - (301 - 316) MOTOR VEHICLE RETAIL INSTALMENT SALES ACT
316 - Notice of buyer's redemption rights.


NY Pers Prop L § 316 (2012) What's This?
 
    §  316.  Notice  of buyer's redemption rights. The holder of any motor
  vehicle installment contract who  repossesses  or  accepts  a  voluntary
  surrender  of a motor vehicle pursuant to the provisions of article nine
  of  the  uniform  commercial  code,  or  any  contract,   shall   within
  seventy-two  hours of such repossession or surrender, personally deliver
  or mail to the buyer at his last known address a written notice  setting
  forth  the  right of such buyer to redeem such motor vehicle, the dollar
  amount necessary to redeem, and the name, address and  telephone  number
  of  the  holder  from  which  information may be obtained regarding such
  redemption.

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