New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 92 - Variable Rate Closed-end Retail Instalment Contracts And Obligations Entered Into By Retail Sellers
Section 92.6 - Notifications
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 92.6
Current through Register Vol. 46, No. 12, March 20, 2024
The notification referred to in section 92.3(f) of this Part shall be delivered or mailed by the retail seller or the holder to the buyer who is primarily liable on the contract or obligation no less than 25 days nor more than 60 days prior to the effective date of the rate increase or change in payment terms. The notice shall indicate the new rate and, if applicable, the new payment amount.
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