N.Y. GBS Law § 715
This is the official text of N.Y. GBS Law § 715, 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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Disposition of unclaimed credit balances
Official statutory text
§ 715. Disposition of unclaimed credit balances. In the event the\ncreditor, after due diligence, cannot locate a consumer to make a credit\nbalance refund pursuant to this article, such money shall be retained in\na separate trust account to be maintained by the creditor for such\npurpose for a period of three years and thereafter shall be transferred\nto the New York state department of audit and control to be held\npursuant to the provisions of the New York abandoned property law.\n
Status: in_force · Read it on the official government site
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