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N.Y. PEP Law § 407

This is the official text of N.Y. PEP Law § 407, part of New York’s PEP Law — part of the compiled statutory law of New York, published by the state as "PEP Law." Browse the sections below, each linked to its official government source.

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Statements of account; receipts

Official statutory text

§ 407. Statements of account; receipts. At any time after its\nexecution, but not later than one year after the last payment\nthereunder, the holder of a contract or obligation shall, upon written\nrequest of the buyer, give or forward to the buyer a written statement\nof the dates and amounts of payments and the total amount, if any,\nunpaid thereunder. Such a statement shall be supplied by the holder once\neach year without charge; if any additional statement is requested by\nthe buyer, the holder shall supply such statement to the buyer at a\ncharge not exceeding one dollar for each additional statement supplied\nto the buyer. A buyer shall be given a receipt for any payment when made\nin cash.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.