N.Y. General Business Law § 711: Transfer of credit balances prohibited

§ 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.