New York Statutes
§ 862 — Recision and other penalties
New York § 862
This text of New York § 862 (Recision and other penalties) 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 § 862 (2026).
Text
§ 862. Recision and other penalties. If a merchant fails to comply\nwith the disclosure provisions of section eight hundred fifty-seven of\nthis article, the transferee may rescind the transaction. In addition,\nwhere the merchant has made knowingly false statements to a transferee,\nthe transferee may recover actual damages, if any, and a penalty in the\nsum of two hundred fifty dollars. The remedies provided in this section\nare in addition to other remedies available by law.\n
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Bluebook (online)
New York § 862, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/GBS/862.