ยง 407. Statements of account; receipts. At any time after its
execution, but not later than one year after the last payment
thereunder, the holder of a contract or obligation shall, upon written
request of the buyer, give or forward to the buyer a written statement
of the dates and amounts of payments and the total amount, if any,
unpaid thereunder. Such a statement shall be supplied by the holder once
each year without charge; if any additional statement is requested by
the buyer, the holder shall supply such statement to the buyer at a
charge not exceeding one dollar for each additional statement supplied
to the buyer. A buyer shall be given a receipt for any payment when made
in cash.
Structure New York Laws
Article 10 - Retail Instalment Sales Act
402 - Provisions of Retail Instalment Contracts and Obligations.
402A - Merchandise Certificates and Obligations Therefor.
402B - Total Loss Notice and Waiver of the Gap Amount.
403 - Restrictions on Retail Instalment Contracts and Obligations.
404 - Credit Service Charge Limitation.
405 - Delivery of Copy of Contract or Obligation; Buyer's Acknowledgment.
406 - Notice of Assignment; Payments.
407 - Statements of Account; Receipts.
408 - Credit Upon Anticipation of Payments.
410 - Add-Ons to and Consolidations of Retail Instalment Contracts and Obligations.
411 - Terms of Purchase by Financing Agency.
412-A - Cancellation of Contracts for Future Consumer Services.
413 - Retail Instalment Credit Agreements.
419 - Refund Credit on Cancellation of Credit Related Insurance or Prepayment of Contract.
420 - Guaranties to Sellers of Liabilities of Buyers Under Retail Instalment Contracts.