ยง 412. Cancellation. After the payment of all sums for which the buyer
is obligated under a contract or obligation, and upon written demand
made by the buyer, the holder shall deliver, or mail to the buyer at his
last known address, such one or more good and sufficient instruments as
may be necessary to acknowledge payment in full and to release all
security in the goods. This section does not repeal section seventy-two
of this chapter or section two hundred thirty-eight of the lien law.
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.