N.Y. General Business Law § 393-e: Sale of abandoned property location services

§ 393-e. Sale of abandoned property location services. 1. For the

purposes of this section, "abandoned property location services" shall

include any service for a fee providing assistance to consumers for the

purposes of locating and/or retrieving property held by the state

comptroller pursuant to the abandoned property law.

2. Any person, corporation, association, partnership or other entity

which sells or offers to sell any abandoned property location services

for abandoned property delivered to the state and held by the state

comptroller shall, in every solicitation and agreement for such

services, provide to the purchaser the following notice in a clear and

conspicuous manner, and in at least twelve-point boldface type prior to

the time of sale:

"Abandoned funds held by the State can be obtained directly from the

Office of the State Comptroller by the owner of such funds without

paying a fee. These funds are held indefinitely by the Office of the

State Comptroller. For more information, contact the Office of the State

Comptroller at (insert the current telephone number established by the

Office of the State Comptroller for receiving inquiries from consumers

regarding unclaimed funds) or (insert the current address of the website

of the Office of the State Comptroller)."