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.
500 – Definitions.
§ 500. Definitions. For the purposes of this article: 1. “Advertisement” means a commercial message in any medium that directly or indirectly promotes or assists a rental-purchase agreement. 2. “Cash price” means the price of the merchandise described in the rental-purchase agreement that the consumer may pay in cash to the merchant at the inception […]
501 – Form.
§ 501. Form. 1. A rental-purchase agreement must be written in plain English and in any other language used by the merchant in an advertisement related to the rental-purchase agreement. Numerical amounts must be stated in figures. 2. Disclosures required by this section must be printed or typed in each rental-purchase agreement in a size […]
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 […]