New York § 711 - 711Transfer of credit balances prohibited
Full text of New York New York Consolidated Laws § 711 — 711Transfer of credit balances prohibited, with citation guidance and answers to common questions.
§ 711. 711Transfer of credit balances prohibited
§ 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.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 711
What does New York Consolidated Laws § 711 cover?
Section 711 ("711Transfer of credit balances prohibited") 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 § 711?
A common citation format is "New York Consolidated Laws § 711" (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 § 711 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.