New York § 711 Transfer of credit balances prohibited

New York Statutes

§ 711 — Transfer of credit balances prohibited

New York § 711

Law GBSGeneral Business

Art. 34-AConsumer Credit Balances

This text of New York § 711 (Transfer of credit balances prohibited) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. General Business § 711 (2026).

Text

  § 711. Transfer of credit balances prohibited. No creditor shall\nwrite-off, delete or transfer any credit balance greater than one dollar\nfrom a consumer credit account except to the extent that the consumer\nhas either received a cash refund or made offsetting purchases.\nProvided, however, that nothing herein shall prevent the creditor from\ndeleting a credit balance created through an error.\n

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§ 711. Transfer of credit balances prohibited. No creditor shall\nwrite-off, delete or transfer any credit balance greater than one dollar\nfrom a consumer credit account except to the extent that the consumer\nhas either received a cash refund or made offsetting purchases.\nProvided, however, that nothing herein shall prevent the creditor from\ndeleting a credit balance created through an error.\n