N.Y. General Business Law 399-ZZZ – Prohibition of certain fee charges
§ 399-zzz. Prohibition of certain fee charges. 1. Subject to federal law and regulation, no person, partnership, corporation, association or other business entity shall charge a consumer an additional rate or fee or a differential in the rate or fee associated with payment on an account when the consumer chooses to pay by United States mail or receive a paper billing statement. This subdivision shall not be construed to prohibit a person, partnership, corporation, association or other business entity from offering consumers a credit or other incentive to elect a specific payment or billing option.
Terms Used In N.Y. General Business Law 399-ZZZ
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Statute: A law passed by a legislature.
2. Every violation of this section shall be deemed a deceptive act and practice subject to enforcement under article twenty-two-A of this chapter.
3. Nothing in this section shall be construed to restrict any right which any person may have under any other statute or the common law.