N.Y. Personal Property Law § 307: Penalties

§ 307. Penalties. 1. Any person who shall wilfully violate any

provision of this article shall be guilty of a misdemeanor and upon

conviction shall be punished by a fine not exceeding five hundred

dollars.

2. A wilful violation of sections three hundred two or three hundred

three by any person shall bar his recovery of any credit service charge,

delinquency or collection charge or refinancing charge on the retail

instalment contract involved.

3. Notwithstanding the provisions of this section any failure to

comply with any provision of this article may be corrected within ten

days after the holder is notified thereof in writing by the buyer, or,

in the absence of such notice, the seller or holder may voluntarily

correct any such failure to comply and, if so corrected, neither the

seller nor the holder shall be subject to any penalty under subdivision

two of this section.