Restriction on the Reporting of Early Terminations.

  1. Law
  2. New York Laws
  3. Personal Property
  4. Motor Vehicle Retail Leasing Act
  5. Restriction on the Reporting of Early Terminations.

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§ 342. Restriction on the reporting of early terminations. The holder of a retail lease agreement shall not report the voluntary early termination of the agreement to a consumer reporting agency or any other person as a derogatory item of information unless the lessee fails to satisfy his or her early termination obligations.



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