N.Y. GBS Law § 713
This is the official text of N.Y. GBS Law § 713, part of New York’s GBS Law — part of the compiled statutory law of New York, published by the state as "GBS Law." Browse the sections below, each linked to its official government source.
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Required notice in credit account statements; refund of balances
Official statutory text
§ 713. Required notice in credit account statements; refund of\nbalances. 1. Every statement reflecting a credit balance in favor of the\nconsumer shall contain a clear and conspicuous notice stating the right\nof the consumer to request and receive a refund of the full credit\nbalance, together with the address to which such request may be sent.\n 2. Every creditor shall refund the full credit balance by cash or\ncheck within thirty days of receipt of such request.\n
Status: in_force · Read it on the official government site
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