New York Laws
Article 34-A - Consumer Credit Balances
713 - Required Notice in Credit Account Statements; Refund of Balances.

§ 713. Required notice in credit account statements; refund of
balances. 1. Every statement reflecting a credit balance in favor of the
consumer shall contain a clear and conspicuous notice stating the right
of the consumer to request and receive a refund of the full credit
balance, together with the address to which such request may be sent.

2. Every creditor shall refund the full credit balance by cash or
check within thirty days of receipt of such request.

Structure New York Laws