reglab/housing_qa huggingface dataset:
NY Banking L § 481 (2021)
2021 New York Laws BNK - Banking Article 11 - Credit Unions 481 - Communications From Department of Financial Services Must Be Submitted to Directors and Supervisory Committee, and Noted in the Minutes.

§  481.  Communications  from department of financial services must be   submitted to directors and  supervisory  committee,  and  noted  in  the   minutes.  Every official communication as defined in article two of this   chapter directed to a credit union shall be submitted to both the  board   of  directors  and the supervisory committee at the next meeting of each   such board or committee and duly noted in the minutes of the meeting  of   such board or committee.
NY Banking L § 482 (2021)
2021 New York Laws BNK - Banking Article 11 - Credit Unions 482 - Reports to Superintendent; Penalty for Failure to Make.

§  482.  Reports  to  superintendent;  penalty for failure to make. 1.   Credit unions shall forward to the superintendent all  reports  required   by the National Credit Union Administration.2.  Every  credit  union shall also make such other special reports to   the superintendent at such times as he may require, which reports  shall   be in the form and filed on the date prescribed by the superintendent.3.  If any credit union shall fail to make any report required by this   section on or before the day designated for the making thereof, or shall   fail to include therein any information required by  the  superintendent   to  be  included,  such  credit union shall forfeit to the people of the   state an amount as determined pursuant to section forty-four-a  of  this   chapter for every day that such report shall be delayed or withheld, and   for every day that it shall fail to report any such omitted information,   unless the time therefor shall have been extended by the superintendent.
NY Banking L § 483 (2021)
2021 New York Laws BNK - Banking Article 11 - Credit Unions 483 - Penalty for Loans to Non-Members; Recovery.

§  483.  Penalty  for  loans  to  non-members;  recovery. Any officer,   director or member of a  committee  of  a  credit  union  who  knowingly   permits  a  loan to be made or participates in a loan to a non-member of   the corporation shall be guilty of a misdemeanor and shall be  primarily   liable  to the corporation for the amount thus illegally loaned, and the   illegality of such a loan shall be no  defense  in  any  action  by  the   corporation to recover the amount lent.
NY Banking L § 484 (2021)
2021 New York Laws BNK - Banking Article 11 - Credit Unions 484 - Penality for Use of Term "Credit Union".

§  484. Penalty for use of term "credit union". The use by any person,   partnership, association or corporation, other than those authorized  as   provided  in  this  article,  or  by any federal law, and other than any   statewide association of credit unions operating in this state,  of  any   name or title which contains the two words "credit" and "union" shall be   a misdemeanor.
NY Banking L § 485 (2021)
2021 New York Laws BNK - Banking Article 11 - Credit Unions 485 - Entries in Books; Preservation of Records.

§  485.  Entries in books; preservation of records. 1. No credit union   shall by any system of accounting or any device of bookkeeping, directly   or indirectly, enter any of its assets or liabilities upon its books  in   the  name  of  any person, or under any title or designation that is not   truly descriptive thereof.2. Every credit union shall preserve all of its  records  of  original   and  final  entry,  including  cancelled  checks,  withdrawal  slips and   deposit tickets, for a period of at least six years  from  the  date  of   making  same  or  from  the  date  of  the last entry thereon; provided,   however, that  preservation  of  photographic  reproduction  thereof  or   records  in  photographic  form  shall  constitute  compliance  with the   requirements of this section.
NY Banking L § 486-A (2021)
2021 New York Laws BNK - Banking Article 11 - Credit Unions 486-A - Retention of Special Additional Mortgage Recording Tax Exemption for Converted Federal Credit Unions.

§  486-a.  Retention  of  special  additional  mortgage  recording tax   exemption for converted federal  credit  unions.  Mortgages  made  by  a   credit  union  that  is  issued an authorization certificate on or after   January first, two  thousand  nine  pursuant  to  section  four  hundred   eighty-six  of  this article shall be exempt from the special additional   mortgage tax imposed pursuant to paragraph (a) of subdivision  one-a  of   section two hundred fifty-three of the tax law.
NY Banking L § 487 (2021)
2021 New York Laws BNK - Banking Article 11 - Credit Unions 487 - Conversion of a Credit Union Into a Federal Credit Union.

§  487.  Conversion of a credit union into a federal credit union. Any   credit union may convert itself into a federal credit union.  A  meeting   of the shareholders of the credit union shall be held upon not less than   ten  days'  written notice to each shareholder, either served personally   or mailed to him or her at his or her last known address and  containing   a  statement  of  the  time, place and purpose of such meeting. Proof by   affidavit of due service of such notice shall be filed in the office  of   the credit union before or at the time of such meeting.At  such  meeting,  a  majority of the shareholders represented at the   meeting may, by an affirmative vote in person or by proxy, authorize the   conversion of such credit union into a federal credit union. A  copy  of   the  minutes  of such meeting, certified by the presiding officer and by   the secretary of the meeting, shall  be  filed  in  the  office  of  the   superintendent within two days thereafter.Within  sixty  days after the date of such meeting, or such later date   as the superintendent in his discretion may determine, the credit  union   shall  take  such  action, in the manner prescribed or authorized by the   laws of the United States, as shall make it a federal credit  union  and   shall  thereupon  file in the office of the superintendent a copy of the   charter or authorization issued to it. Upon such filing the credit union   shall cease to be a corporation under the laws  of  this  state,  except   that   its  corporate  existence  shall  continue  for  the  purpose  of   prosecuting or defending suits and of enabling it to wind up its affairs   as a state credit union and to dispose of and convey  its  property.  At   the  time when such conversion becomes effective, all of the property of   the state credit union shall immediately by act of law and  without  any   conveyance  or  transfer become the property of the federal credit union   and the federal credit union shall thereupon succeed to all the  rights,   obligations and relations of the state credit union.
NY Banking L § 490-A (2021)
2021 New York Laws BNK - Banking Article 11-A - Credit Union Insurance Fund 490-A - Creation of Fund.

§  490-a.  Creation of fund. Any fifty or more credit unions organized   under the provisions of this chapter whose share  liabilities  aggregate   not  less  than  fifty  per centum of the total share liabilities of all   credit unions so organized may enter into an agreement, subject  to  the   approval  of  the superintendent, to create a fund and from time to time   make  contributions  thereto  in  accordance  with  the  terms  of  such   agreement,  for the purpose of insuring the shares of such credit unions   as shall become parties to such agreement; provided, however,  that  the   shares  so  insured  of any one holder in any one credit union shall not   exceed two thousand dollars. Such an agreement once entered into may  be   continued,  notwithstanding the fact that any number of associations may   cease to be parties thereto.
NY Banking L § 490-B (2021)
2021 New York Laws BNK - Banking Article 11-A - Credit Union Insurance Fund 490-B - Management of Fund.

§  490-b.  Management  of  fund.  The  fund  shall be collected, held,   administered and disbursed by a corporate trustee or a board of trustees   composed of individuals who are directors or members  of  a  supervisory   committee  of credit unions. The appointment of a corporate trustee or a   board of trustees, as the case may be, shall be subject to the  approval   of  the  superintendent.  In  the  event  there be a board of individual   trustees, a majority of them at any time in office, shall  constitute  a   quorum  and  the  vote  of a majority present at any meeting, provided a   quorum is present, shall be determinative.
NY Banking L § 490-C (2021)
2021 New York Laws BNK - Banking Article 11-A - Credit Union Insurance Fund 490-C - Execution and Filing of Agreement.

§  490-c.  Execution  and  filing  of  agreement.  The  agreement when   approved by  the  superintendent  and  executed  by  the  credit  unions   desiring  to  become parties thereto shall be filed in the office of the   superintendent and shall thereupon become effective. The  agreement  may   be executed in any number of counterparts.
NY Banking L § 490-D (2021)
2021 New York Laws BNK - Banking Article 11-A - Credit Union Insurance Fund 490-D - Provisions of Agreement.

§  490-d. Provisions of agreement. The agreement shall provide for the following: (a) The designation of a corporate  trustee  or  a  board  of trustees  to  administer  the  fund and procedure for the resignation or removal of any such trustee or trustees  and  for  the  selection  of  a substitute trustee or trustees;  (b) The amount of the initial contribution to the fund, which shall be made  by  all  parties  to  the agreement ratably in proportion to their respective share and deposit liabilities, and which shall  be  not  less than  one-fourth  of  one  per  centum  of  the  total share and deposit liabilities, of each such party;  (c) The manner of making subsequent  calls  for  contributions,  which shall be made ratably upon all parties to the agreement in proportion to their   respective  share  and  deposit  liabilities,  except  that  the superintendent, where he deems it necessary and  advisable,  may  exempt any such party or parties from any such call in whole or in part;  (d)  Procedure for amendment of such agreement and its termination and liquidation of the fund;  (e) The powers to be vested in  the  corporate  trustee  or  board  of trustees,  as the case may be, and the manner in which such powers shall be exercised;  (f) The distribution of any earnings  realized  from  the  fund  which distribution  shall  be  made  only  with  the  written  consent  of the superintendent;  (g) The method of determining from time to  time  the  amount  of  the share   and  deposit  liabilities  of  the  respective  parties  to  the agreement;  (h) The requirements to be complied with by a party to  the  agreement desiring  to  withdraw  therefrom prior to its termination, provided the contributions to the fund theretofore made  by  such  withdrawing  party shall not be returned but shall remain the property of the fund.
NY Banking L § 490-E (2021)
2021 New York Laws BNK - Banking Article 11-A - Credit Union Insurance Fund 490-E - Powers and Duties of Trustee or Trustees.

§  490-e.  Powers  and  duties of trustee or trustees. It shall be the   duty of the corporate trustee or the board of trustees, as the case  may   be, to collect the initial contribution to the fund, to call for, and to   collect by legal proceedings if necessary, such subsequent contributions   as  become  payable  under the terms of the agreement, and to administer   the fund so created in accordance with the terms of the agreement.  Such   part  of  the  fund as is not required to be kept on hand or in bank for   the purpose of meeting and satisfying demands made by the superintendent   pursuant to the next succeeding section, may be invested in  obligations   of  the United States and of the state of New York, and of any county or   municipality of the state of New York.
NY Banking L § 490-F (2021)
2021 New York Laws BNK - Banking Article 11-A - Credit Union Insurance Fund 490-F - Powers of Superintendent to Obtain Payment From Fund.

§  490-f. Powers of superintendent to obtain payment from fund. In any   case where the superintendent has taken possession of any party  to  the   agreement  and has been engaged in the liquidation thereof for one year,   he may demand of the trustee or trustees payment to him from the fund of   such sum as shall be necessary to  enable  him  to  pay  a  dividend  on   account  of  insured  shares  which  taken  together  with any dividends   previously paid on account thereof will equal fifty per  centum  of  the   established  insured claim of shareholders. At the end of two years from   the date upon which the superintendent took possession of any such party   to the agreement he may demand of the trustee or trustees payment to him   from the fund of such additional sum as shall be necessary to enable him   to pay a dividend on account of insured shares which taken together with   dividends previously paid on account thereof  shall  equal  seventy-five   per  centum  of  such established insured claims of shareholders. At the   end of three years from the date  upon  which  the  superintendent  took   possession of any party to the agreement he may demand of the trustee or   trustees payment to him from the fund of such additional sum as shall be   necessary  to  enable  him to pay the unpaid balance of such established   insured  claims  of  shareholders.  Any   payments   demanded   by   the   superintendent  shall  be  paid  to  him from the fund by the trustee or   trustees within thirty days of the date of such demand. Any sum realized   by the superintendent from the liquidation of any party to the agreement   after shareholders have been paid in full, shall be paid by him  to  the   trustee  or  trustees  of the fund to the extent of the aggregate of the   sums paid by the trustee or trustees to  the  superintendent  under  the   provisions of this section.
NY Banking L § 490-G (2021)
2021 New York Laws BNK - Banking Article 11-A - Credit Union Insurance Fund 490-G - Payment of Liquidating Dividends on Uninsured Shares.

§  490-g. Payment of liquidating dividends on uninsured shares. In the   event of liquidation by the superintendent of any credit union which  is   a party to the agreement, he shall pay on account of its uninsured share   liabilities  and  deposit  liabilities, dividends in the same manner and   amount as he  would  pay  on  account  thereof  if  none  of  the  share   liabilities of such credit union were insured.
NY Banking L § 490-H (2021)
2021 New York Laws BNK - Banking Article 11-A - Credit Union Insurance Fund 490-H - Exemption of Fund From Taxation.

§ 490-h.  Exemption  of  fund  from taxation. The fund provided for by   this article and the income thereof shall be exempt  from  all  taxation   now  or  hereafter  imposed  by  the state of New York or by any county,   municipality or local authority or subdivision.
NY Banking L § 490-I (2021)
2021 New York Laws BNK - Banking Article 11-A - Credit Union Insurance Fund 490-I - Liability for Payment of Contributions.

§ 490-i.  Liability  for  payment  of  contributions. Any credit union   which is a party to the agreement provided for by this article shall  be   liable  for the payment of any contribution called for by the trustee or   trustees pursuant to such agreement in the same manner as  it  would  be   liable for the payment of a debt otherwise contracted.
NY Banking L § 490-J (2021)
2021 New York Laws BNK - Banking Article 11-A - Credit Union Insurance Fund 490-J - Powers of Credit Unions With Respect to Agreement.

§ 490-j. Powers of credit unions with respect to agreement. Any credit   union  organized  under  the  provisions  of this chapter shall have the   power to become a party to the agreement provided for by  this  article,   and  to  take  all  actions  authorized or required by the terms of such   agreement and to pay all contributions provided for  therein.  Any  such   contributions  paid  into the fund by any party to such agreement may be   carried on its books by such party as an asset to the extent  authorized   by the superintendent.
NY Banking L § 492 (2021)
2021 New York Laws BNK - Banking Article 11-B - Sales Finance Companies 492 - License.

§ 492. License. 1. No person, except a bank, savings bank, savings and loan   association,   trust   company,  private  banker,  credit  union, investment company organized under article twelve of  this  chapter  and authorized   to   accept   deposits,   national  bank,  federal  savings association, federal credit union, or out-of-state state bank,  as  such term  is defined in subdivision two of section two hundred twenty-two of this chapter, or lender  licensed  pursuant  to  article  nine  of  this chapter, shall engage in the business of a sales finance company in this state  without  a  license therefor obtained from the superintendent, as provided in this article.   1-a. Subdivision one of this section does not  apply  to  corporations subject  to  the  insurance  law  and  corporations  and private bankers subject to the banking law in exercising the powers granted to  them  by chapter  eight  hundred  ninety-seven  of  the  laws of nineteen hundred thirty-four as heretofore or hereafter enacted.   2. Application for a license required under this article shall  be  in writing,  under  oath, and in the form prescribed by the superintendent, and shall contain the following:  (a) The exact name of the applicant  and  date  of  incorporation,  if incorporated;  (b)  The  complete  address  where  the  business  is to be conducted, showing the street and number, if any,  the  office  building  and  room number, if any, and the municipality and county;  (c)  If  the  applicant  has  one  or  more  branches, subsidiaries or affiliates operating in this state, the complete address  of  each  such place of business; and  (d)  The  name  and  resident  address of the owner or partners of the applicant or,  if  a  corporation  or  association,  of  the  directors, trustees  and  principal  officers, and of any stockholder owning twenty per centum or more of its stock; and  (e)  Such  other  pertinent  information  as  the  superintendent  may require.   3.  Where  an  applicant operates several places of business, separate applications for license shall be made for each such place of business.   4. At the time of filing an application  for  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 places of business at the same time, the total investigation fee for all the applications shall be three times the amount as prescribed pursuant to section  eighteen-a  of this chapter.
NY Banking L § 494 (2021)
2021 New York Laws BNK - Banking Article 11-B - Sales Finance Companies 494 - License Form; Posting; Limitations.

§ 494.  License  form;  posting;  limitations.  1. Each license issued   under this article  shall  state  the  address  at  which  the  licensed   business  is  to  be  conducted  and  shall  state fully the name of the   licensee and, if the licensee is a  copartnership  or  association,  the   names  of  the members thereof, and if a corporation, the date and place   of its incorporation and the address of its principal place of business.   Such license shall  be  kept  conspicuously  posted  in  the  licensee's   specified place of business and shall not be transferable or assignable.2.  Whenever  any  licensee hereunder changes its place of business to   another location, it shall give immediate written notice thereof to  the   superintendent,  who  shall  without  charge  attach  to  the license or   endorse on it in writing a record of the change and  the  date  thereof,   which  shall  be  authority for the operation of the business under such   license at such new location.3. No person, except a licensee, may make any representation, directly   or indirectly, orally or in writing, that  he  is  licensed  under  this   article,  and  a  licensee  may  make  such  a  representation  only  in   connection with the licensee's business as a sales finance  company  and   in accordance with any rules and regulations of the superintendent.
NY Banking L § 496 (2021)
2021 New York Laws BNK - Banking Article 11-B - Sales Finance Companies 496 - Judicial Review.

§ 496.  Judicial  review.  The  refusal, suspension or revocation of a   license by the superintendent shall be subject to review in  the  manner   provided by article seventy-eight of the civil practice law and rules.
NY Banking L § 497 (2021)
2021 New York Laws BNK - Banking Article 11-B - Sales Finance Companies 497 - Investigations and Examinations.

§ 497.  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  any other law relating to retail   instalment sales, contracts, obligations or credit  agreements,  and  to   the  extent necessary for this purpose, 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 such   licensee has violated any of the provisions of this article or any other   law relating to  retail  instalment  sales,  contracts,  obligations  or   credit agreements.3.  The  expenses  incurred  in  making  any  examination  pursuant to   subdivision two of this  section  four  hundred  ninety-seven  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.