N.Y. Personal Property Law Section 429
Restoration of down payment

1.

Within ten days after a door-to-door sale has been cancelled or an offer to purchase revoked, the seller shall tender to the buyer all payments made by the buyer and any note or other evidence of indebtedness.

2.

If the down payment includes goods traded in, the goods shall be tendered in substantially as good condition as when received by the seller. If the seller fails to tender the goods as provided by this section, the buyer may elect to recover an amount equal to the trade-in allowance stated in the agreement.

3.

If the seller refuses within the period prescribed by subdivision one to return all payments made by the buyer, he shall be liable to the buyer for the said payments and if the buyer is successful in his action therefor or appeal thereon, the court shall award him one hundred dollars plus reasonable attorney’s fees and costs, in addition to such payments.

4.

Until the seller has complied with this section, the buyer may retain possession of goods delivered to him by the seller and shall have a lien on the goods in his possession or control for any recovery to which he may be entitled.

Source: Section 429 — Restoration of down payment, https://www.­nysenate.­gov/legislation/laws/PEP/429 (updated Sep. 22, 2014; accessed Feb. 14, 2026).

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Verified:
Feb. 14, 2026

Last modified:
Sep. 22, 2014

§ 429. Restoration of down payment's source at nysenate​.gov

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