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Current as of January 01, 2026 | Updated by Findlaw Staff
At any time after its execution, but not later than one year after the last payment thereunder, the holder of a contract or obligation shall, upon written request of the buyer, give or forward to the buyer a written statement of the dates and amounts of payments and the total amount, if any, unpaid thereunder. Such a statement shall be supplied by the holder once each year without charge; if any additional statement is requested by the buyer, the holder shall supply such statement to the buyer at a charge not exceeding one dollar for each additional statement supplied to the buyer. A buyer shall be given a receipt for any payment when made in cash.
Cite this article: FindLaw.com - New York Consolidated Laws, Personal Property Law - PEP § 407. Statements of account; receipts - last updated January 01, 2026 | https://codes.findlaw.com/ny/personal-property-law/pep-sect-407/
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