N.Y. Gen. Bus. Law § 711
Current through 2024 NY Law Chapter 553
No creditor shall write-off, delete or transfer any credit balance greater than one dollar from a consumer credit account except to the extent that the consumer has either received a cash refund or made offsetting purchases. Provided, however, that nothing herein shall prevent the creditor from deleting a credit balance created through an error.
N.Y. Gen. Bus. Law § 711