§ 711. Transfer of credit balances prohibited. No creditor shall write-off, delete or transfer any credit balance greater than one dollar from a consumer credit account except to the extent that the consumer has either received a cash refund or made offsetting purchases. Provided, however, that nothing herein shall prevent the creditor from deleting a credit balance created through an error.
Transfer of credit balances prohibited
N.Y. General Business Law § 711, under Consumer Credit Balances.
N.Y. General Business Law § 711