MARVIN MANDEL, Governor                                 2155

(1)    NOT LATER THAN [[THIRTY (30) ]] 30 DAYS
AFTER RECEIPT OF THE BUYER'S WRITTEN INQUIRY, MAIL A
WRITTEN ACKNOWLEDGMENT TO THE BUYER; AND

(2)    NOT LATER THAN [[NINETY (90)]] 60 DAYS
AFTER RECEIPT OF THE BUYER'S WRITTEN INQUIRY, AND PRIOR
TO TAKING ANY ACTION TO COLLECT THE AMOUNT BELIEVED BY
THE BUYER TO BE A BILLING ERROR, MAKE APPROPRIATE
CORRECTIONS IS THE ACCOUNT OF THE BUYER AND MAIL TO THE
BUYER A WRITTEN NOTICE STATING THAT THE AMOUNT BELIEVED
TO BE IN ERROR HAS BEEN CORRECTED AND WILL BE SHOWN ON
THE NEXT BILLING STATEMENT MAILED TO THE BUYER, OR SEND
TO THE BUYER A WRITTEN NOTICE SETTING FORTH IN A CLEAR
AND DEFINITIVE MANNER THE REASONS WHY THE SELLER OR
HOLDER BELIEVES THE ACCOUNT OF THE BUYER WAS CORRECTLY
SHOWN IN THE STATEMENT; AND

(3)    NOT COMMUNICATE UNFAVORABLE CREDIT
INFORMATION CONCERNING THE BUYER TO ANY PERSON, INCLUDING
BUT NOT LIMITED TO CREDIT BUREAUS OR CREDIT REPORTING
AGENCIES, BASED UPON THE BUYER'S FAILURE TO PAY THE
AMOUNT BELIEVED BY HIM TO BE A BILLING ERROR UNTIL THE
SELLER OR HOLDER OF THE RETAIL CREDIT ACCOUNT HAS
COMPLIED WITH THE PROVISIONS OF THIS SECTION.

(D)    NOTWITHSTANDING THE RECEIPT BY A SELLER OR
HOLDER OF A RETAIL CREDIT ACCOUNT OF A WRITTEN INQUIRY
FROM A BUYER, A SELLER OR HOLDER MAY TRANSMIT REGULAR
PERIODIC BILLING STATEMENTS TO THE BUYER WHICH INCLUDE
THE AMOUNT BELIEVED BY THE BUYER TO BE A BILLING ERROR,
AND THE SELLER OR HOLDER MAY UNDERTAKE PROCEDURES FOR THE
COLLECTION OF AMOUNTS WHICH THE BUYER HAS NOT DISPUTED IN
ACCORDANCE WITH THIS SECTION.

[[(B) NOT LATER THAN SIXTY (60) DAYS AFTER THE
ENACTMENT OF THIS SECTION, A SELLER OR HOLDER OF A
RETAIL CREDIT ACCOUNT SHALL SEND TO EACH BUYER WHOSE
ACCOUNT WAS IN EXISTENCE ON JULY 1, 1974, AND WITH OR
BEFORE THE FIRST BILLING STATEMENT ON ANY RETAIL CREDIT
ACCOUNT ESTABLISHED OR RENEWED FOR A BUYER AFTER THAT
DATE, A WRITTEN NOTICE WHICH DESCRIBES THE PROCEDURES TO
BE FOLLOWED BY A BUYER UNDER THIS SECTION TO CLAIM A
BILLING ERROR, PROVIDED HOWEVER, THAT WITH RESPECT TO ANY
EXISTING RETAIL CREDIT ACCOUNT ON WHICH THERE IS NO DEBIT
OR CREDIT BALANCE ON JULY 1, 1974, A SELLER OR HOLDER OF
SUCH ACCOUNT SHALL HAVE THE OPTION OF SENDING SUCH NOTICE
WITH OR BEFORE THE FIRST BILLING STATEMENT ISSUED ON SUCH
ACCOUNT.]]

(E)    NOT LATER THAN 60 DAYS AFTER THE EFFECTIVE

DATE OF THIS SECTION. A SELLER OR HOLDER OF A RETAIL

CREDIT ACCOUNT SHALL SEND TO BACH BUYER WHO IS SENT A

PERIODIC BILLING STATEMENT FOR THE PERIOD IN WHICH THE

EFFECTIVE DATE FALLS, AND ON OR BEFORE THE FIRST BILLING