New York § 407 Statements of account; receipts

New York Statutes

§ 407 — Statements of account; receipts

New York § 407

Law PEPPersonal Property

Art. 10Retail Instalment Sales Act

This text of New York § 407 (Statements of account; receipts) 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 § 407 (2026).

Text

  § 407. Statements of account; receipts. At any time after its\nexecution, but not later than one year after the last payment\nthereunder, the holder of a contract or obligation shall, upon written\nrequest of the buyer, give or forward to the buyer a written statement\nof the dates and amounts of payments and the total amount, if any,\nunpaid thereunder. Such a statement shall be supplied by the holder once\neach year without charge; if any additional statement is requested by\nthe buyer, the holder shall supply such statement to the buyer at a\ncharge not exceeding one dollar for each additional statement supplied\nto the buyer. A buyer shall be given a receipt for any payment when made\nin cash.\n

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§ 407. Statements of account; receipts. At any time after its\nexecution, but not later than one year after the last payment\nthereunder, the holder of a contract or obligation shall, upon written\nrequest of the buyer, give or forward to the buyer a written statement\nof the dates and amounts of payments and the total amount, if any,\nunpaid thereunder. Such a statement shall be supplied by the holder once\neach year without charge; if any additional statement is requested by\nthe buyer, the holder shall supply such statement to the buyer at a\ncharge not exceeding one dollar for each additional statement supplied\nto the buyer. A buyer shall be given a receipt for any payment when made\nin cash.\n