N.Y. General Business Law § 712: Mailing of statements of credit account balances

§ 712. Mailing of statements of credit account balances. Each creditor

shall provide every holder of a consumer credit account with a statement

setting forth any credit balance greater than one dollar at the end of

the billing cycle in which such balance is first posted, unless such

balances have already been refunded, and thereafter at least once in

every three billing cycles.