ยง 862. Recision and other penalties. If a merchant fails to comply
with the disclosure provisions of section eight hundred fifty-seven of
this article, the transferee may rescind the transaction. In addition,
where the merchant has made knowingly false statements to a transferee,
the transferee may recover actual damages, if any, and a penalty in the
sum of two hundred fifty dollars. The remedies provided in this section
are in addition to other remedies available by law.