Section 339. Notice of lessee's reinstatement rights

After a lessee has
  been in default for ten days solely by reason of his or her  failure  to
  make  timely  rental  payments, the holder of any retail lease agreement
  shall mail or personally deliver to the lessee at his or her last  known
  address  a  written  notice conspicuously setting forth the right of the
  lessee to reinstate  the  agreement,  the  dollar  amount  necessary  to
  reinstate  the  agreement  and the name, address and telephone number of
  the holder  from  which  information  may  be  obtained  regarding  such
  reinstatement.  No notice of reinstatement need be given if:
    1.  The  holder does not declare the lessee to be in default under the
  agreement because of his or her failure to make timely rental  payments;
  or
    2. The lessee previously was afforded the opportunity to reinstate the
  agreement.