New York § 316 Notice of buyer's redemption rights

New York Statutes

§ 316 — Notice of buyer's redemption rights

New York § 316

Law PEPPersonal Property

Art. 9Motor Vehicle Retail Instalment Sales Act

This text of New York § 316 (Notice of buyer's redemption rights) 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. Personal Property § 316 (2026).

Text

  § 316. Notice of buyer's redemption rights. The holder of any motor\nvehicle installment contract who repossesses or accepts a voluntary\nsurrender of a motor vehicle pursuant to the provisions of article nine\nof the uniform commercial code, or any contract, shall within\nseventy-two hours of such repossession or surrender, personally deliver\nor mail to the buyer at his last known address a written notice setting\nforth the right of such buyer to redeem such motor vehicle, the dollar\namount necessary to redeem, and the name, address and telephone number\nof the holder from which information may be obtained regarding such\nredemption.\n

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§ 316. Notice of buyer's redemption rights. The holder of any motor\nvehicle installment contract who repossesses or accepts a voluntary\nsurrender of a motor vehicle pursuant to the provisions of article nine\nof the uniform commercial code, or any contract, shall within\nseventy-two hours of such repossession or surrender, personally deliver\nor mail to the buyer at his last known address a written notice setting\nforth the right of such buyer to redeem such motor vehicle, the dollar\namount necessary to redeem, and the name, address and telephone number\nof the holder from which information may be obtained regarding such\nredemption.\n