New York § 502 Availability

New York Statutes

§ 502 — Availability

New York § 502

Law PEPPersonal Property

Art. 11Rental Purchase Agreements

This text of New York § 502 (Availability) 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 § 502 (2026).

Text

  § 502. Availability. Every rental purchase agreement shall indicate\nthat a consumer at his or her request shall be permitted to review a\ncompleted rental-purchase agreement for up to forty-eight hours prior to\nsigning. A copy of the fully completed rental-purchase agreement and all\nother documents which the merchant requests the consumer to sign shall\nbe given to the consumer at the time they are signed. The\nrental-purchase agreement shall not be enforceable against the consumer\nuntil the consumer has received a signed copy. In addition to any other\nright of cancellation, a consumer has the right to cancel a\nrental-purchase agreement, without penalty or obligation if the consumer\nhas not taken possession of the property.\n

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§ 502. Availability. Every rental purchase agreement shall indicate\nthat a consumer at his or her request shall be permitted to review a\ncompleted rental-purchase agreement for up to forty-eight hours prior to\nsigning. A copy of the fully completed rental-purchase agreement and all\nother documents which the merchant requests the consumer to sign shall\nbe given to the consumer at the time they are signed. The\nrental-purchase agreement shall not be enforceable against the consumer\nuntil the consumer has received a signed copy. In addition to any other\nright of cancellation, a consumer has the right to cancel a\nrental-purchase agreement, without penalty or obligation if the consumer\nhas not taken possession of the property.\n