New York § 715 - 715Disposition of unclaimed credit balances
Full text of New York New York Consolidated Laws § 715 — 715Disposition of unclaimed credit balances, with citation guidance and answers to common questions.
§ 715. 715Disposition of unclaimed credit balances
§ 715. Disposition of unclaimed credit balances. In the event the creditor, after due diligence, cannot locate a consumer to make a credit balance refund pursuant to this article, such money shall be retained in a separate trust account to be maintained by the creditor for such purpose for a period of three years and thereafter shall be transferred to the New York state department of audit and control to be held pursuant to the provisions of the New York abandoned property law.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 715
What does New York Consolidated Laws § 715 cover?
Section 715 ("715Disposition of unclaimed credit balances") 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 § 715?
A common citation format is "New York Consolidated Laws § 715" (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 § 715 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.