reglab/housing_qa huggingface dataset:
NY Banking L § 553 (2021)
2021 New York Laws BNK - Banking Article 12-A - Mutual Trust Investment Companies 553 - Investment by Fiduciaries in Shares.

§ 553.  Investment  by fiduciaries in shares. Unless the instrument or   the order, decree or judgment under which moneys are held in a fiduciary   capacity prohibits such investment, an eligible fiduciary or fiduciaries   may invest and reinvest moneys so held in shares of stock of one or more   mutual trust investment companies as it may determine.The net aggregate amount of  moneys  of  any  estate,  trust  or  fund   invested in shares of a mutual trust investment company shall not at any   time  exceed  the maximum amount permitted by such rules and regulations   as may be promulgated by the superintendent of financial services."An eligible fiduciary or fiduciaries" shall be deemed to mean a trust   company or a national banking association having  its  principal  office   within the state of New York and acting either as sole fiduciary or with   one or more co-fiduciaries.
NY Banking L § 555 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 555 - License.

§ 555.  License.  1.  No  person  except  a  lending institution or an   authorized insurer shall engage in the business  of  a  premium  finance   agency  without  a license therefor obtained from the superintendent, as   provided in this article.2. Application for license required under this  article  shall  be  in   writing, and in the form prescribed by the superintendent.3.  When  an applicant has more than one office, separate applications   for license shall be made for each such office.4. At the time of filing an application for a license,  the  applicant   shall  pay to the superintendent an investigation fee. The investigation   fee shall be as  prescribed  pursuant  to  section  eighteen-a  of  this   chapter,  except that, when an applicant files applications for licenses   for three or more offices at the same time, the total investigation  fee   for  all  the  applications  shall  be three times the amount prescribed   pursuant to section eighteen-a of this chapter.
NY Banking L § 556 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 556 - Action by Superintendent on Application.

§ 556.  Action by superintendent on application. 1. Within ninety days   after the filing of an application for a license accompanied by  payment   of  the  fees  for  license  and investigation, the superintendent shall   issue the license, or the superintendent may refuse to issue the license   if  he  shall  find  that  the  financial  responsibility,   experience,   character  and general fitness of the applicant or any person associated   with the applicant are not such as to  command  the  confidence  of  the   community  and to warrant the belief that the business will be conducted   honestly, fairly and efficiently within the purposes and intent of  this   article.  For  the  purpose  of this subdivision, the applicant shall be   deemed to  include  all  the  members  of  the  applicant  if  it  is  a   partnership  or  unincorporated  association,  and all the stockholders,   officers and directors of the applicant if it  is  a  corporation.  Such   license  to engage in business in accordance with the provisions of this   article at the location specified in the application shall  be  executed   in  triplicate  by  the  superintendent  and  he shall transmit one copy   thereof to the applicant, file a copy in the office of the department of   financial services, and file a copy in the office of the  clerk  of  the   county in which is located the place designated in such license.2.  If  the superintendent refuses to issue a license, he shall notify   the applicant of the denial, return to the applicant the sum paid  as  a   license  fee,  but  retain  the  investigation fee to cover the costs of   investigating the applicant.3. Each license issued hereunder shall remain in full force and effect   until it is surrendered by the  licensee  or  revoked  or  suspended  as   provided in this article.4. Only one office may be maintained under each license, but more than   one license may be issued to the same licensee pursuant to this article.5.  Any  person engaged in the business of a premium finance agency on   the date this act takes effect may continue in operation  in  accordance   with  the  provisions of this article but must obtain a license for each   office at which he engages in the business of a premium  finance  agency   by January first, nineteen hundred sixty-one.
NY Banking L § 557 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 557 - License Provisions and Posting.

§ 557.  License  provisions  and posting. Such license shall state the   name  and  address  of  the  licensee,  and  if  the   licensee   be   a   co-partnership  or association, the names of the members thereof, and if   a corporation the date and place  of  its  incorporation.  Such  license   shall  be  kept  conspicuously  posted in the office of the licensee and   shall not be transferable or assignable.
NY Banking L § 558 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 558 - Change of Location.

§ 558.  Change  of location. Before any licensee changes any office of   his to another location, he shall give written  notice  thereof  to  the   superintendent, who shall without charge issue an endorsement indicating   the  change and the date thereof, which endorsement shall be attached to   the license for such office and be authority for the  operation  of  the   business under such license at such new location.
NY Banking L § 560 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 560 - Investigations and Examinations.

§ 560.  Investigations  and  examinations. 1. The superintendent shall   have the power to make such investigations as he shall deem necessary to   determine whether any licensee or any other person has violated  any  of   the  provisions  of  this article, or whether any licensee has conducted   himself in such manner as would justify the revocation of  his  license,   and  to  the extent necessary therefor, he may require the attendance of   and examine any person under oath, and shall have the  power  to  compel   the production of all relevant books, records, accounts, and documents.2.  The  superintendent shall have the power to make such examinations   of the books, records, accounts and documents used in  the  business  of   any  licensee  as  he shall deem necessary to determine whether any such   licensee has violated any of the provisions of this article.3. The  expenses  incurred  in  making  any  examination  pursuant  to   subdivision  two  of  this  section five hundred sixty shall be assessed   against and paid by the licensee so examined, except that traveling  and   subsistence  expenses  so  incurred shall be charged against and paid by   licensees in such proportions as the superintendent shall deem just  and   reasonable,  and  such  proportionate  charges  shall  be  added  to the   assessment of the other expenses incurred upon  each  examination.  Upon   written  notice  by  the  superintendent  of  the  total  amount of such   assessment, the licensee shall become liable  for  and  shall  pay  such   assessment to the superintendent.4.   All   reports   of   examinations  and  investigations,  and  all   correspondence  and  memoranda  concerning  or  arising  out   of   such   examinations or investigations, including any duly authenticated copy or   copies  thereof  in  the possession of any licensee or the department of   financial services, shall be confidential communications, shall  not  be   subject to subpoena and shall not be made public unless, in the judgment   of the superintendent, the ends of justice and the public advantage will   be  subserved  by the publication thereof, in which event he may publish   or authorize the publication of a copy  of  any  such  report  or  other   material  referred  to in this subdivision four, or any part thereof, in   such manner as he may deem proper.
NY Banking L § 561 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 561 - Regulations and Rulings.

§ 561.   Regulations   and   rulings.  The  superintendent  is  hereby   authorized and empowered to make such  general  rules  and  regulations,   conduct  hearings  and  make  such specific rulings, orders, demands and   findings as may be necessary for the  proper  conduct  of  the  business   authorized and licensed under and for the enforcement of this article.
NY Banking L § 563 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 563 - Violations and Penalties.

§ 563.  Violations and penalties. 1. Any person, including any member,   officer,  director  or  employee  of  a  licensee,   who   violates   or   participates  in  the violation of any provision of this article, or who   knowingly makes any incorrect  statement  of  a  material  fact  in  any   application,  report or statement filed pursuant to this article, or who   knowingly omits to  state  any  material  fact  necessary  to  give  the   superintendent  any  information  lawfully required by him or refuses to   permit any lawful investigation or examination, shall  be  guilty  of  a   misdemeanor  and,  upon  conviction,  shall  be fined not more than five   hundred dollars or imprisoned for not more than six months or  both,  in   the discretion of the court.2.  A  premium  finance agency's knowingly taking or receiving from or   charging an insured a greater charge than  authorized  in  this  article   shall be held and adjudged a forfeiture of all charges which the premium   finance  agreement  carries with it or which have been agreed to be paid   thereon, and if a greater charge has been paid by an insured, the person   paying the same or his legal representative may recover from the premium   finance agency twice the entire amount  of  the  charges  thus  paid  if   action is brought within two years from the time of such payment.3.  No  licensee  shall  make,  directly  or  indirectly, orally or in   writing, or by any method, practice or device, a representation that  he   is  licensed  under  the  banking  law except that a licensee may make a   representation that he is licensed as a premium finance agency under the   banking law and is licensed to finance insurance premiums.
NY Banking L § 565 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 565 - Licensee's Books and Records; Reports.

§ 565.  Licensee's  books  and records; reports. 1. The licensee shall   keep and use in his business such books, accounts and  records  as  will   enable   the  superintendent  to  determine  whether  such  licensee  is   complying with the provisions of this article and  with  the  rules  and   regulations   lawfully  made  by  the  superintendent  hereunder.  Every   licensee shall preserve such  books,  accounts  and  records,  including   cards used in a card system, if any, for at least six years after making   the  final  entry  in  respect to any premium finance agreement recorded   therein;   provided,   however,   the   preservation   of   photographic   reproductions  thereof  or records in photographic form shall constitute   compliance with this requirement.2. Each licensee shall annually on or before the first day of February   file a report with the superintendent giving  such  information  as  the   superintendent may require concerning the business and operations during   the preceding calendar year of each licensed place of business conducted   by  the  licensee  within the state under the authority of this article.   Upon good cause shown by a licensee, the superintendent may  extend  the   time  for  filing  such report for a period not in excess of sixty days.   Such report shall be subscribed and affirmed as  true  by  the  licensee   under  the  penalties  of  perjury  and be in the form prescribed by the   superintendent who  may  make  and  publish  annually  an  analysis  and   recapitulation  of such reports. In addition to such annual reports, the   superintendent may require  of  licensees  such  additional  regular  or   special  reports  as  he may deem necessary to the proper supervision of   licensees under this article.  Such additional reports shall be  in  the   form  prescribed  by  the  superintendent  and  shall  be subscribed and   affirmed as true under the penalties of perjury.
NY Banking L § 566 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 566 - Insurance Agents and Brokers; Acquisition by Premium Finance Agencies of Premium Finance Agreements.

§ 566.  Insurance  agents  and brokers; acquisition by premium finance agencies of premium finance agreements. 1. An insurance agent or  broker may  be  licensed  as  a  premium finance agency in accordance with this article.   2. Notwithstanding any contrary provisions of  the  personal  property law, banking law or other law:  (a) No premium finance agency, and no employee of such an agency shall pay,  allow  or  offer  to  pay  or allow in any manner whatsoever to an insurance agent or broker or any  employee  of  an  insurance  agent  or broker, or to any other person, either as an inducement to the financing of  any  insurance  policy  with the premium finance agency or after any such policy has been financed, any rebate whatsoever,  either  from  the service  charge for financing specified in the premium finance agreement or otherwise, or shall give or offer to give any valuable  consideration or  inducement of any kind directly or indirectly, other than an article of merchandise not exceeding  one  dollar  in  value  which  shall  have thereon  the  advertisement of the premium finance agency, but a premium finance agency may purchase  or  otherwise  acquire  a  premium  finance agreement,  provided  that  it conforms to this article in all respects, from an insurance agent or broker or another premium finance agency with recourse  against  the  agent,  broker  or  agency  on  such  terms  and conditions as may be mutually agreed upon; and  (b) No filing of the assignment or notice thereof to the insured shall be  necessary  to  the  validity  of the written assignment of a premium finance  agreement  as  against  creditors  or  subsequent   purchasers, pledgees or encumbrances of the assignor.
NY Banking L § 567 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 567 - Form and Content of Premium Finance Agreements.

§ 567.  Form  and content of premium finance agreements.  1. A premium finance agreement shall be in writing and  dated  on  the  date  of  its signature  by  the  insured;  the printed portion thereof shall be in at least eight point type.   2. It shall contain the entire agreement of the parties  with  respect to  the insurance contract, the premiums for which are advanced or to be advanced under it, and:  (a) At its top, the words PREMIUM FINANCE AGREEMENT in  at  least  ten point bold type; and  (b)  A  notice  in at least eight point bold type, reading as follows: NOTICE: 1. Do not sign this agreement  before  you  read  it  or  if  it contains  any blank space. 2. You are entitled to a completely filled in copy of this agreement. 3. Under the law, you have the right to pay  off in  advance the full amount due and under certain conditions to obtain a partial refund of the service charge.   3. A premium finance agreement shall:  (a) Contain the name and place of business of the insurance  agent  or broker, if any, negotiating the related insurance contract, the name and residence  or  the place of business of the insured as specified by him, the name and place of business of the premium finance agency which is to hold or acquire the agreement and to which instalment or other  payments are  to  be  made, a description of the insurance contract, the premiums for which are advanced or to be advanced under the  agreement,  and  the amount of the premiums for such insurance contract; and  (b)  Set  forth  the  items  required  to  be  disclosed by the act of congress entitled "Truth in Lending Act" and the regulations thereunder, as such act and regulations may from time to time be amended.   4. No premium finance agreement shall be signed by an insured when  it contains  any  blank  space  to  be  filled in after it has been signed; however, if any insurance contract, the premiums for which are  advanced or  to  be advanced under the agreement, has not been issued at the time of its signature by the insured and it so  provides,  the  name  of  the authorized  insurer  by  whom  such insurance contract is issued and the policy number and the due date of the first instalment may be left blank and later inserted in the original of the agreement after  it  has  been signed by the insured.
NY Banking L § 569 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 569 - Delinquency, Collection and Cancellation Charges; Attorney's Fees.

§ 569.  Delinquency,  collection  and cancellation charges; attorney's   fees.  1. A premium finance agreement may provide for the payment by the   insured of a delinquency and collection charge  on  each  instalment  in   default  for  a  period  of  not less than five days in an amount of one   dollar to a maximum not in excess of five per centum of such instalment,   provided  however,  that  when  any  personal,  household  or   domestic   insurance  contract  are  listed  in  the agreement the charge shall not   exceed five dollars and, provided that only  one  such  delinquency  and   collection  charge may be collected on any such instalment regardless of   the period during which it  remains  in  default  and,  if  the  default   results  in  the  cancellation  of  any  personal, household or domestic   insurance contract listed in the agreement, the  agreement  may  provide   for  the  payment  by  the insured of a cancellation charge equal to the   difference between any delinquency  and  collection  charge  imposed  in   respect to the instalment in default and five dollars.2.  A  premium  finance  agreement may also provide for the payment of   attorney's fees not exceeding twenty per centum of the  amount  due  and   payable  under  the  agreement  if  it  is referred for collection to an   attorney not a salaried employee of the premium finance  agency  holding   the agreement.3.  Notwithstanding  the provisions of this section, a premium finance   agency shall  not  take  or  receive  from  or  charge  an  insured  any   cancellation  charge  or  attorney's  fees unless, within ten days after   default in the payment of any instalment of a premium finance agreement,   the agency has mailed a notice of the default  to  the  insured  at  his   address  as  shown on the agreement and to any insurance agent or broker   named therein at his place of business as shown therein.
NY Banking L § 570 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 570 - Restrictions on Premium Finance Agreements.

§ 570.  Restrictions  on  premium  finance  agreements.  1. No premium finance agreement shall contain any provision by which:  (a) In the absence of default of  the  insured,  the  premium  finance agency  holding  the  agreement  may, arbitrarily and without reasonable cause, accelerate the maturity of any part or all of  the  amount  owing thereunder;  (b) A power of attorney is given to confess judgment in this state; or  (c)  The insured relieves the insurance agent or broker or the premium finance agency holding the agreement from liability for any legal rights or remedies that the insured may otherwise have  against  the  insurance agent or broker.   2.  No person may use a premium finance agreement in a manner designed to evade any requirement of article seventy-eight of the insurance law.   3. Every person or premium finance agency that enters into  a  premium finance  agreement,  as  such  terms  are  defined  pursuant  to article twelve-B of this chapter, shall file in the office of the superintendent of financial services, on or before the first day of March, a statement, to be known as its annual statement, verified by the oath  of  at  least two  of  its principal officers, showing its condition at the end of the preceding calendar year. The statement shall be in such form  and  shall contain  such  other matters as the superintendent of financial services shall prescribe. In addition  to  any  other  requirements,  the  annual statement shall specify the total number, aggregate face amount and life settlement   proceeds   of,  policies  settled  during  the  immediately preceding calendar year, together with a breakdown of the information by policy issue year.
NY Banking L § 571 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 571 - Delivery of Copy of Premium Finance Agreement.

§ 571.  Delivery  of copy of premium finance agreement. Before the due   date of the first instalment payable under a premium finance  agreement,   the  insurance agent or broker or the premium finance agency holding the   agreement shall deliver to the insured, or mail to him at his address as   shown in the agreement, a copy thereof or, if  the  agreement  contained   any  blank  space when it was signed by the insured and such blank space   was subsequently filled  in  in  accordance  with  subdivision  four  of   section  five hundred sixty-seven, a copy of the agreement, as so filled   in.
NY Banking L § 572 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 572 - Notice of Assignment; Payments.

§ 572.  Notice  of assignment; payments. Unless the insured has notice   of actual or intended assignment of a premium finance agreement, payment   thereunder by him to the last known holder of  the  agreement  shall  be   binding upon all subsequent holders or assignees.
NY Banking L § 573 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 573 - Statement of Account; Receipts.

§ 573.  Statement  of  account;  receipts.  1.  At  any time after its   execution,  but  not  later  than  one  year  after  the  last   payment   thereunder, a premium finance agency holding a premium finance agreement   shall,  upon  written  request  of  the  insured,  give or mail to him a   written statement of the dates and amounts of  payments  and  the  total   amount,  if  any,  unpaid thereunder. Such a statement shall be supplied   once each year without charge; if any additional statement is  requested   the  premium  finance agency shall supply such statement at a charge not   exceeding one dollar for  each  additional  statement  so  supplied.  An   insured shall be given a receipt for a payment when made in cash.2.  After  the  payment  of all sums for which an insured is obligated   under a premium finance agreement, and  upon  his  written  demand,  the   premium  finance  agency holding the agreement shall deliver, or mail to   the insured at his  last  known  address  such  one  or  more  good  and   sufficient  instruments  as  may  be necessary to acknowledge payment in   full and to  release  all  interests  in  or  rights  to  the  insurance   contracts,  the  premiums  for  which are advanced or are to be advanced   under the agreement.