§ 702. Application. 1. Except as provided in subdivision two of this section, this chapter shall not apply to statements of accounts rendered to customers by public utilities whose billing practices are subject to the jurisdiction and regulation of the public service commission.

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Terms Used In N.Y. General Business Law 702

  • Consumer: means a natural person. See N.Y. General Business Law 701
  • Creditor: means a person, partnership, corporation, association or other entity who, in the ordinary course of business, regularly extends consumer credit. See N.Y. General Business Law 701
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.

2. Subject to federal law and regulation, no creditor shall charge a consumer an additional rate or fee associated with payment on an account when the consumer chooses to pay by United States mail. This subdivision shall not be construed to prohibit a creditor from offering consumers a credit or other incentive to elect a specific payment option.

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