New York A03881 mandates retailers to supply merchandise at advertised prices within 60 days of availability.
New York A03881 amends the general business law to require retailers to supply merchandise at the advertised price within 60 days of notifying the purchaser of its availability. The bill defines a "raincheck" as a written statement allowing the purchase of designated merchandise at a previously advertised price. Retailers must clearly post their raincheck policy at the point of sale, on their website, and in advertisements. Rainchecks must include specific details and a notice about redemption within 60 days.
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