N.Y. General Business Law 521-B – Contract renewals
§ 521-b. Contract renewals. 1. No contract for services shall provide that services will be automatically renewed and the subscriber billed, unless the subscriber named in the expiring contract is notified not more than sixty and not less than fifteen days prior to the termination of the existing contract, by mail, of the credit card registration services' intention to automatically renew the contract.
Terms Used In N.Y. General Business Law 521-B
- Contract: A legal written agreement that becomes binding when signed.
- Contract for services: means a contract between a subscriber and a credit card registration service under which the credit card registration service agrees to provide to a subscriber for a fee any of its services. See N.Y. General Business Law 521
- Credit card: means and includes any credit card, credit plate, charge plate, courtesy card, or other identification card or device which may be used to obtain a cash advance or a loan or credit or to purchase or lease property or services on the credit of the issuer or of the holder. See N.Y. General Business Law 521
- Subscriber: means a consumer who is solicited to purchase or who purchases the services of a credit card registration service. See N.Y. General Business Law 521
2. The written notice of renewal shall state the proposed renewal term, the price for renewal and any additions, changes or deletions in the services to be furnished. The notice shall state, conspicuously, that the subscriber may elect not to renew the service by sending a written notice of cancellation or by calling a toll free telephone number prior to the end of the expiring contract.