Section 407. Statements of account; receipts  


Latest version.
  • At  any  time  after its
      execution,  but  not  later  than  one  year  after  the  last   payment
      thereunder,  the  holder of a contract or obligation shall, upon written
      request of the buyer, give or forward to the buyer a  written  statement
      of  the  dates  and  amounts  of  payments and the total amount, if any,
      unpaid thereunder. Such a statement shall be supplied by the holder once
      each year without charge; if any additional statement  is  requested  by
      the  buyer,  the  holder  shall  supply such statement to the buyer at a
      charge not exceeding one dollar for each additional  statement  supplied
      to the buyer. A buyer shall be given a receipt for any payment when made
      in cash.