N.Y. General Business Law § 713: Required notice in credit account statements; refund of balances

§ 713. Required notice in credit account statements; refund of

balances. 1. Every statement reflecting a credit balance in favor of the

consumer shall contain a clear and conspicuous notice stating the right

of the consumer to request and receive a refund of the full credit

balance, together with the address to which such request may be sent.

2. Every creditor shall refund the full credit balance by cash or

check within thirty days of receipt of such request.