N.Y. Personal Property Law § 414: Penalties

§ 414. 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. In case of failure by any person to comply with the provisions of

this article, the buyer shall have the right to recover from such person

an amount equal to the credit service charge or service charge imposed

and the amount of any delinquency, collection, extension, deferral or

refinance charge imposed.

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 and,

if so corrected, neither the seller nor the holder shall be subject to

any penalty under this section.

4. Subdivision three of this section shall not apply to any person who

wilfully violates any provision of this article in connection with the

imposition, computation or disclosures of or relating to a credit

service charge on a consolidated total of two or more contracts or

obligations under the provisions of section four hundred ten, and the

buyer may recover from such person an amount equal to the credit service

charges and any delinquency, collection, extension, deferral or

refinance charges imposed, contracted for or received on all contracts

and obligations included in the consolidated total and the seller shall

be barred from the recovery of any such charges.

5. Subdivisions one and three of this section shall not apply to any

person who violates subdivision two-a of section four hundred three of

this article.