New York Laws
Article 9-A - Motor Vehicle Retail Leasing Act
345 - Renegotiations and Extensions.

§ 345. Renegotiations and extensions. 1. A renegotiation is a new
lease which is subject to the disclosure requirements of section three
hundred thirty-seven of this article.

2. The disclosure requirements of section three hundred thirty-seven
of this article are not applicable to any extension of a retail lease
agreement. An extension of a retail lease agreement need not be signed
contemporaneously by the holder and the lessee if the extension is
transacted by mail, is for a period of twenty-four months or less and is
first signed by the holder prior to signature by the lessee.

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