New York § 345 Renegotiations and extensions

New York Statutes

§ 345 — Renegotiations and extensions

New York § 345

Law PEPPersonal Property

Art. 9-AMotor Vehicle Retail Leasing Act

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Bluebook

N.Y. Personal Property § 345 (2026).

Text

§ 345. Renegotiations and extensions.

1.A renegotiation is a new\nlease which is subject to the disclosure requirements of section three\nhundred thirty-seven of this article.\n 2. The disclosure requirements of section three hundred thirty-seven\nof this article are not applicable to any extension of a retail lease\nagreement. An extension of a retail lease agreement need not be signed\ncontemporaneously by the holder and the lessee if the extension is\ntransacted by mail, is for a period of twenty-four months or less and is\nfirst signed by the holder prior to signature by the lessee.\n

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§ 345. Renegotiations and extensions. 1. A renegotiation is a new\nlease which is subject to the disclosure requirements of section three\nhundred thirty-seven of this article.\n 2. The disclosure requirements of section three hundred thirty-seven\nof this article are not applicable to any extension of a retail lease\nagreement. An extension of a retail lease agreement need not be signed\ncontemporaneously by the holder and the lessee if the extension is\ntransacted by mail, is for a period of twenty-four months or less and is\nfirst signed by the holder prior to signature by the lessee.\n