Legal Question in Business Law in New York

Years ago when I took business law in high school I recall something along the lines like payments due cannot be due in less than 30 days from the statement date or mailing date.

Here in New York State it appears bills routinely arrive with very few days until the due date.

What are the 2010 guidelines and where in the code are they found?


Asked on 8/29/10, 11:09 am

1 Answer from Attorneys
Carol Ryder Law Office of Carol Ryder PC

I am an attorney and I cannot keep up with it myself (I have so much to keep up with already, just in foreclosures, let alone the other areas I practice in). The laws have changed so many times in the last year alone, and the banks were ahead of each step. The days before each new law went into effect, did you notice your mailbox jammed with documents even a Wall Streeter/atty had to spend time to fathom. The banking regulators cannot keep up with complaints, and even the political route has not worked (although now, there are some vicious fights for jobs like Atty General, although I am planning on voting for Kathleen Rice, not because she is an alum of our law school, but for what me and my law school interns have seen her do in Nassau County, including for animal abuse (80% of animal abusers commit violent acts against humans). One works for her now)

Your best bet is to Google it.

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Answered on 9/05/10, 10:21 am


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