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What is NYC AC § 20-724?

Quick Answer

This section mandates that individuals or entities making certain claims or representations in New York City maintain comprehensive records to substantiate those claims. These records must be available for inspection by the commissioner or their representatives for ninety days. Applies to businesses making specific statements in the city.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 20-724 Requirements of records.

AC § 20-724

Any such person, firm, corporation or association or agent, or employee thereof, doing business in New York city, making any one or more of the aforesaid statements, claims, offers, or representations of the types described in subdivisions (a), (b) and (c) of section 20-723 shall maintain full and adequate records disclosing the facts upon which any such statements, offers, claims or representations are based.

(a)All such records shall be open and available for inspection to the commissioner or to his or her duly designated representatives for a period of ninety days from the date of the offer.

(b)The failure of any such person, firm, corporation or association, or agent or employee thereof doing business in New York city to produce such records in substantiation of its claims shall be presumptive of the falsity of the advertisement.

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