339 - Notice of lessee's reinstatement rights.

§  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.