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This entry was published on 2014-09-22
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SECTION 458-C
Information statement; procedure
General Business (GBS) CHAPTER 20, ARTICLE 28-BB
§ 458-c. Information statement; procedure. Prior to the execution of a
contract between a consumer and a credit services business, the credit
services business shall provide the consumer an information statement in
writing, on a separate sheet, containing the information required by
section four hundred fifty-eight-d of this chapter. The consumer shall
acknowledge receipt of such information statement by placing his
signature on the face thereof. The credit services business shall
maintain on file or microfilm for a period of two years from the date of
such acknowledgement an exact copy of such information statement.