504-A – Interruption or Reduction of Income in Certain Instances.
§ 504-a. Interruption or reduction of income in certain instances. 1. If any consumer who has signed a rental-purchase agreement experiences an interruption or reduction of twenty-five percent or more of income due to involuntary job loss, involuntary reduced employment, illness, pregnancy or disability after one-half or more of the total amount of the rental […]
504-B – Maintenance of Merchandise.
§ 504-b. Maintenance of merchandise. 1. The merchant shall maintain the property subject to the rental-purchase agreement in good working order while the agreement is in effect without charging any fee to the consumer in addition to the regularly scheduled rental payments set forth in the rental-purchase agreement. 2. By the end of the second […]
505 – Advertisement.
§ 505. Advertisement. 1. An advertisement for a rental-purchase agreement that refers to or states the amount of a payment or the right to acquire ownership of any one particular item under the agreement shall clearly and conspicuously state: (a) that the transaction advertised is a rental-purchase agreement; (b) the total number of payments and […]
447 – Enforcement; Penalties.
§ 447. Enforcement; penalties. Whenever there shall be a violation of this article, an application may be made by the attorney general in the name of the people of the state of New York to a court or justice having jurisdiction by a special proceeding to issue an injunction, and upon notice to the defendant […]
448 – Separability.
§ 448. Separability. If any provision of this article or the application of such provision in certain circumstances shall be held invalid, the validity of the remainder of this article and its applicability to other circumstances shall not be affected.
429 – Restoration of Down Payment.
§ 429. Restoration of down payment. 1. Within ten days after a door-to-door sale has been cancelled or an offer to purchase revoked, the seller shall tender to the buyer all payments made by the buyer and any note or other evidence of indebtedness. 2. If the down payment includes goods traded in, the goods […]
430 – Duty of Buyer.
§ 430. Duty of buyer. 1. Except as provided by subdivision four of section four hundred twenty-nine, within a reasonable time after a door-to-door sale has been cancelled or an offer to purchase revoked, the buyer upon demand shall tender to the seller any goods delivered by the seller pursuant to the sale but need […]
431 – Restriction on Assignment of Obligation.
§ 431. Restriction on assignment of obligation. 1. A seller shall not negotiate, transfer, sell or assign any note or other evidence of indebtedness to a finance company or other third party prior to midnight of the fifth business day, or in the case of a contract for door-to-door sale of a personal emergency response […]
440 – Short Title; Purpose.
§ 440. Short title; purpose. This article may be cited as the “telephone sales protection act”. The purpose of this article is to afford consumers a “cooling-off” period to cancel a sale which is made as a result of high pressure telephone sales tactics.
441 – Definitions.
§ 441. Definitions. 1. (a) “Telephone sales business” shall mean a business which is primarily engaged in the solicitation of orders by telephone for: (1) merchandise or services connected with merchandise to be shipped to the customer through the mail or by other carrier, upon receipt of an order in a communication initiated by the […]