New York § 316 - 316Notice of buyer's redemption rights
Full text of New York New York Consolidated Laws § 316 — 316Notice of buyer's redemption rights, with citation guidance and answers to common questions.
§ 316. 316Notice of buyer's redemption rights
§ 316. Notice of buyer's redemption rights. The holder of any motor vehicle installment contract who repossesses or accepts a voluntary surrender of a motor vehicle pursuant to the provisions of article nine of the uniform commercial code, or any contract, shall within seventy-two hours of such repossession or surrender, personally deliver or mail to the buyer at his last known address a written notice setting forth the right of such buyer to redeem such motor vehicle, the dollar amount necessary to redeem, and the name, address and telephone number of the holder from which information may be obtained regarding such redemption.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 316
What does New York Consolidated Laws § 316 cover?
Section 316 ("316Notice of buyer's redemption rights") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 316?
A common citation format is "New York Consolidated Laws § 316" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 316 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.