Search OpenLegislation Statutes
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
Required disclosures
General Business (GBS) CHAPTER 20, ARTICLE 29-I
§ 607. Required disclosures. 1. No warehouseman shall accept household
goods for storage from a consumer bailor unless prior to accepting the
goods, the consumer bailor is furnished with a written storage agreement
which shall be dated and signed by the consumer bailor and the
warehouseman or his duly authorized agent, be written or printed in a
size equal to at least ten-point bold type and which shall set forth the
following information:

(a) Name and address of warehouseman and consumer bailor.

(b) Street address of warehouse where goods will be stored.

(c) The reasonably estimated monthly storage charge for the particular
household goods to be stored expressed in dollars. The actual monthly
charge shall not exceed the given estimate by more than ten percent.

(d) An itemization of other charges imposed or which may be imposed in
connection with the storage, a description of each such charge, whether
the charge is mandatory or optional, and the amount of each charge
expressed in dollars. Where such charges can only be estimated, a
reasonable estimate must be set forth and the actual charges shall not
exceed such estimates by more than ten percent.

(e) An inventory by item number of all goods accepted for storage or
of the packages containing them together with a notation of the
condition of each of the goods accepted; a statement that the bailor
should review the condition noted for each of the goods before they are
picked up for storage to make sure that a proper description of the
condition of each of the goods has been entered on the inventory; and a
statement that the bailor before signing the storage agreement should
note on it by item number any exception he may have as to the condition
descriptions. The notation of the condition of the goods by the
warehouseman or his agent shall be expressed in readily understandable

(f) A statement of any limitation of damages limiting the amount of
the warehouseman's liability in case of loss or damage of the goods
setting forth a specific liability per article or item of value per unit
of weight beyond which the warehouseman will not be liable; provided
that if damages are so limited, a statement shall be included that such
liability may on the written request of the bailor at the time of
signing such storage agreement or within a reasonable time thereafter be
increased on part or all of the goods stored, in which event increased
rates may be charged based on such increased valuation. The rates
charged for an increased valuation shall be set forth and a
pre-addressed request form to enable the bailor to request an increased
valuation shall be provided.

(g) Any other material terms and conditions of the storage

2. Every storage agreement as required by this section shall include
the business address and telephone number to be used by the consumer
bailor in making inquiries concerning the storage transaction.

3. Every storage agreement as required by this section shall contain
the following conspicuous notices:

Notice: The monthly storage charge and other charges stated in this

agreement are either the actual or reasonably estimated charges you

must pay. If the charges are estimated the final charges you will be

required to pay may not exceed the estimate by more than ten percent.

Notice: Storage charges do not include any charges for moving your

goods from your home to the warehouse or from the warehouse to your


4. When a warehouseman accepts household goods for storage on behalf
of a consumer bailor after a warrant of eviction has been executed
pursuant to section seven hundred forty-nine of the real property
actions and proceedings law, the warehouseman shall within three days
after receipt of the goods mail a copy of a statement containing the
disclosures required by subdivisions one, two and three of this section
to the consumer bailor by registered or certified mail at his last known