N.Y. PAR Law § 19.22
This is the official text of N.Y. PAR Law § 19.22, part of New York’s PAR Law — part of the compiled statutory law of New York, published by the state as "PAR Law." Browse the sections below, each linked to its official government source.
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Office's duty to lenders
Official statutory text
§ 19.22 Office's duty to lenders. 1. When the office accepts a loan\nof property, it shall inform the lender in writing of the provisions of\nthis article. The office shall also give notice to all lenders of any\nchange in the address, status or jurisdiction of the office.\n 2. The office shall give a lender, at the lender's address, prompt\nwritten notice by mail of any known injury to, or loss of, property on\nloan or of the need to apply conservation measures pursuant to section\n19.24 of this article. Such notice shall advise the lender of his right,\nin lieu of the application of such conservation measures, to terminate\nthe loan and, no later than thirty days after having received such\nnotice, either retrieve the property or arrange for its isolation and\nretrieval. The office shall not be required to publish notice of injury\nor loss to any undocumented property.\n
Status: in_force · Read it on the official government site
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