N.Y. Personal Property Law § 339: Notice of lessee's reinstatement rights

§ 339. Notice of lessee's reinstatement rights. After a lessee has

been in default for ten days solely by reason of his or her failure to

make timely rental payments, the holder of any retail lease agreement

shall mail or personally deliver to the lessee at his or her last known

address a written notice conspicuously setting forth the right of the

lessee to reinstate the agreement, the dollar amount necessary to

reinstate the agreement and the name, address and telephone number of

the holder from which information may be obtained regarding such

reinstatement. No notice of reinstatement need be given if:

1. The holder does not declare the lessee to be in default under the

agreement because of his or her failure to make timely rental payments;

or

2. The lessee previously was afforded the opportunity to reinstate the

agreement.