New York Laws
Article 9-A - Motor Vehicle Retail Leasing Act
339 - Notice of Lessee's Reinstatement Rights.

§ 339. Notice of lessee's reinstatement rights. After a lessee has
been in default for ten days solely by reason of his or her failure to
make timely rental payments, the holder of any retail lease agreement
shall mail or personally deliver to the lessee at his or her last known
address a written notice conspicuously setting forth the right of the
lessee to reinstate the agreement, the dollar amount necessary to
reinstate the agreement and the name, address and telephone number of
the holder from which information may be obtained regarding such
reinstatement. No notice of reinstatement need be given if:

1. The holder does not declare the lessee to be in default under the
agreement because of his or her failure to make timely rental payments;
or

2. The lessee previously was afforded the opportunity to reinstate the
agreement.

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