State Codes and Statutes

Statutes > New-york > Gbs > Article-34-a > 711

§  711.  Transfer  of  credit  balances  prohibited. No creditor shall  write-off, delete or transfer any credit balance greater than one dollar  from a consumer credit account except to the extent  that  the  consumer  has  either  received  a  cash  refund  or  made  offsetting  purchases.  Provided, however, that nothing herein shall prevent the  creditor  from  deleting a credit balance created through an error.

State Codes and Statutes

Statutes > New-york > Gbs > Article-34-a > 711

§  711.  Transfer  of  credit  balances  prohibited. No creditor shall  write-off, delete or transfer any credit balance greater than one dollar  from a consumer credit account except to the extent  that  the  consumer  has  either  received  a  cash  refund  or  made  offsetting  purchases.  Provided, however, that nothing herein shall prevent the  creditor  from  deleting a credit balance created through an error.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Gbs > Article-34-a > 711

§  711.  Transfer  of  credit  balances  prohibited. No creditor shall  write-off, delete or transfer any credit balance greater than one dollar  from a consumer credit account except to the extent  that  the  consumer  has  either  received  a  cash  refund  or  made  offsetting  purchases.  Provided, however, that nothing herein shall prevent the  creditor  from  deleting a credit balance created through an error.