reglab/housing_qa huggingface dataset:
NY Banking L § 574 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 574 - Credit Upon Anticipation of Payments.

§ 574.  Credit  upon anticipation of payments.  1. Notwithstanding the   provisions of any premium finance agreement to the contrary, any insured   may pay it in full  at  any  time  before  the  maturity  of  the  final   instalment  of  the balance thereof and, if he does so and the agreement   included an amount for service charge, shall receive and be entitled  to   receive for such anticipation a refund credit thereon.2.  The  amount  of any such refund credit shall represent at least as   great a proportion of the service charge, if any,  as  the  sum  of  the   periodic  balances  after the month in which prepayment is made bears to   the sum of all periodic balances under the schedule  of  instalments  in   the  agreement.  Such  refund  shall  be  computed in the service charge   exclusive of the additional charge.  Where  the  amount  of  the  refund   credit  for  anticipation  of payment is less than one dollar, no refund   need be made.
NY Banking L § 575 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 575 - Refinancing.

§ 575.  Refinancing. A premium finance agency may, upon agreement with   the insured, extend the  scheduled  due  date  or  defer  the  scheduled   payment  of  all or of any part of any instalment or instalments payable   thereunder.  The agreement for such extension or deferment  must  be  in   writing  and  signed  by the parties thereto. The premium finance agency   may charge and contract for the payment  of  an  extension  or  deferral   charge  by the insured and collect and receive the same, but such charge   may not exceed an amount equal  to  one  per  centum  per  month  simple   interest  on  the  amount  of  the  instalment  or  instalments, or part   thereof, extended or deferred for the period of extension  or  deferral.   Such period shall not exceed the period from the date when such extended   or  deferred instalment or instalments, or part thereof, would have been   payable in the absence of such extension or deferral, to the  date  when   such  instalment or instalments, or part thereof, are made payable under   the agreement of extension or deferment; except that a minimum charge of   one dollar for the period of extension or deferral may be  made  in  any   case where the extension or deferral charge, when computed at such rate,   amounts to less than one dollar.
NY Banking L § 577 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 577 - Interpretation of Article.

§ 577.  Interpretation  of  article. This article does not affect: (1) the inclusion of amounts for insurance in retail instalment contracts or obligations in accordance with the motor vehicle retail instalment sales act or the retail instalment sales act; (2) the inclusion of amounts for insurance in retail  lease  agreements  in  accordance  with  the  motor vehicle  retail  leasing act; or (3) the making of loans for the purpose of financing insurance premiums:  (a) By any person at a rate of interest  not  greater  than  the  rate prescribed  by  the  superintendent  of  financial  services pursuant to section fourteen-a  of  this  chapter,  or,  if  no  rate  has  been  so prescribed, six per centum per annum; or  (b)  By  a  lending  institution  in  accordance  with  the applicable provisions of other laws authorizing and regulating the making of  loans by the lending institution.
NY Banking L § 577-A (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 577-A - Premium Finance Agreements.

§ 577-a.  Premium  finance  agreements.  1.  Any  amount advanced by a premium finance agency, with  regard  to  any  insurance  policy  issued pursuant  to  any  plan  established  under  article  fifty-three of the insurance law shall be paid either by check or draft made payable to the insurance company, or, if the company is not known, by  check  or  draft made  payable to the entity which pursuant to the plan established under article fifty-three of the insurance law designates which insurer  shall insure or service the risk. The check or draft shall not be made payable to the insurance agent or broker.   2.  Where  insurance coverage is procured through a wholesale producer for insurance policies financed with a  premium  finance  agency,  other than policies subject to subdivision one of this section:  (a) Prior to or contemporaneously with the advancement of any funds to an  insurance  retail  producer  who  has  procured  an insurance policy through a wholesale producer, the  retail  producer  shall  provide  the premium  finance  agency  with  the  name  and  address of the wholesale producer through whom coverage  was  procured  and,  if  available,  the policy number of the insurance policy being financed, in writing;  (b) The premium finance agency shall notify, in writing, the wholesale producer  and the insurance company of the gross premium, the borrower's name and address, and, if available, the policy number, within ten  (10) business days of acceptance of the agreement;  (c)  Failure  by  the  retail producer to comply with paragraph (a) of this subdivision shall be a  violation  of  subsection  (d)  of  section twenty-one  hundred twenty of the insurance law, and the retail producer shall be liable for actual damages caused  by  his  or  her  failure  to disclose;  (d)  For  the  purposes  of  this  subdivision,  a  "retail  insurance producer" or "retail producer" means an insurance producer who  directly deals  with  an  insured; a "wholesale insurance producer" or "wholesale producer" means the producer  from  whom  or  through  whom  the  retail producer has procured coverage on behalf of the insured.
NY Banking L § 578 (2021)
2021 New York Laws BNK - Banking Article 12-B - Insurance Premium Finance Agencies 578 - Severability.

§ 578.   Severability.  If  any  provision  of  this  article  or  the   application thereof to any person or circumstances is held invalid,  the   invalidity  thereof shall not affect other provisions or applications of   the article which can be given effect without the invalid  provision  or   application,  and  to  this  end  the  provisions  of  this  article are   severable.
NY Banking L § 579 (2021)
2021 New York Laws BNK - Banking Article 12-C - Budget Planners 579 - Doing Business Without License Prohibited.

§  579.  Doing  business without license prohibited. Only a charitable   corporation as defined in paragraph  (a)  of  section  one  hundred  two   (Definitions) of the not-for-profit corporation law of this state, or an   entity incorporated in another state and having a similar not-for-profit   status,  shall  engage  in the business of budget planning as defined in   subdivision one of  section  four  hundred  fifty-five  of  the  general   business  law  of  this  state  except as authorized by this article and   without first obtaining a license from the superintendent.
NY Banking L § 581 (2021)
2021 New York Laws BNK - Banking Article 12-C - Budget Planners 581 - Conditions for Issuance of a License; Procedure Where Application Denied.

§   581.  Conditions  for  issuance  of  a  license;  procedure  where   application denied. 1. Upon the filing of an application for a  license,   if  the  superintendent  shall  find  that the financial responsibility,   experience, character, and general fitness of the applicant, and of  the   officers  and directors thereof are such as to command the confidence of   the community and to warrant belief that the business will  be  operated   honestly,  fairly,  and efficiently within the purposes of this article,   he or she shall thereupon issue a license  in  duplicate  to  engage  in   budget  planning  in accordance with the provisions of this article. The   superintendent shall transmit one copy of such license to the  applicant   and  file another in the office of the department of financial services.   Such license  shall  remain  in  full  force  and  effect  until  it  is   surrendered  by  the  licensee  or  revoked  or suspended as hereinafter   provided; if the superintendent shall not so find he or  she  shall  not   issue  such  license  and  he  or  she shall notify the applicant of the   denial. The superintendent shall approve or deny every  application  for   license hereunder within ninety days from the filing thereof.2.  The  superintendent  shall not issue a license unless an applicant   agrees to provide, either directly or indirectly, budgeting, educational   and/or counseling services, acceptable to  the  superintendent,  to  the   debtors  with  whom  such  licensee  has  a contract to engage in budget   planning, as defined by section four hundred fifty-five of  the  general   business  law. Failure of a licensee to provide, directly or indirectly,   such budgeting, educational and/or counseling services acceptable to the   superintendent shall be a basis for suspension  and  revocation  of  the   license.
NY Banking L § 582 (2021)
2021 New York Laws BNK - Banking Article 12-C - Budget Planners 582 - License Provisions.

§  582.  License  provisions.  Each  license issued under this article   shall state the address or addresses at which  the  business  is  to  be   conducted  and  shall state fully the name of the licensee, and the date   and place of  its  incorporation.  A  copy  of  such  license  shall  be   prominently  posted  in  each  place  of  business of the licensee. Such   license shall not be  transferable  or  assignable.  In  the  event  the   location  at which the business is to be conducted shall be changed, the   licensee shall forthwith notify the superintendent who  shall  thereupon   without  charge attach to the license a rider setting forth such changed   location. Each  licensee,  within  ninety  days  of  the  close  of  the   licensee's  fiscal year, shall submit an independently audited financial   statement to the superintendent.
NY Banking L § 583 (2021)
2021 New York Laws BNK - Banking Article 12-C - Budget Planners 583 - Changes in Officers or Directors of Licensee.

§ 583. Changes in officers or directors of licensee. In the event that   there  shall  be  any  change  among  the  officers  or directors of any   licensee, the licensee shall promptly notify the superintendent  of  the   name,  address,  and  occupation  of  each  new  officer or director and   provide such other information as the superintendent may require.
NY Banking L § 584 (2021)
2021 New York Laws BNK - Banking Article 12-C - Budget Planners 584 - Grounds for Suspension or Revocation of License; Procedure.

§ 584.  Grounds for suspension or revocation of license; procedure. 1. The superintendent may revoke any license issued hereunder if  he  shall find that:  (a)  The  licensee  has violated any provisions of this article, or of any rule or regulation made by the superintendent under and  within  the authority of this article;  (b)  Any fact or condition exists which, if it had existed at the time of the original application for such license, would have  warranted  the superintendent in refusing originally to issue such license; or  (c)  The conviction of a licensee for a crime against the laws of this state or any other  state  or  of  the  United  States  involving  moral turpitude  or  fraudulent  or dishonest actions, or the entry of a final judgement in a court of competent jurisdiction against the licensee in a civil action arising from fraud, misrepresentation, or deceit.   2. The superintendent may, on good cause shown,  suspend  any  license for a period not exceeding thirty days, pending investigation.   3.  No license shall be revoked or suspended except after notice and a hearing thereon.   4. Any licensee  may  surrender  any  license  by  delivering  to  the superintendent  written  notice that it thereby surrenders such license, but such surrender shall not affect such licensee's  civil  or  criminal liability for acts committed prior to such surrender.   5.  No revocation, suspension or surrender of any license shall impair or affect the obligation of any pre-existing lawful contract between the licensee and any person.   6. Every license issued hereunder shall remain  in  force  and  effect until  the  same  shall  have  been surrendered, revoked or suspended in accordance with the provisions of this article, but  the  superintendent shall  have authority to reinstate a suspended license or to issue a new license to a licensee whose license shall have been revoked if  no  fact or  condition  then exists which would have warranted the superintendent in refusing originally to issue such license under this article.   7. Whenever the superintendent  shall  revoke  or  suspend  a  license issued pursuant to this article, he shall forthwith execute in duplicate a  written  order to that effect. The superintendent shall file one copy of such order in the office of the department of financial services  and shall  forthwith  serve the other copy upon the licensee. Any such order may be reviewed in the manner provided by article seventy-eight  of  the civil  practice law and rules. Such application for review as authorized by this section must be made within thirty days from the  date  of  such order of suspension or revocation.
NY Banking L § 584-A (2021)
2021 New York Laws BNK - Banking Article 12-C - Budget Planners 584-A - Contracts With Debtors; Fees.

§  584-a.  Contracts with debtors; fees. Each licensee shall submit to   the department any form of written contract it intends  to  use  between   itself  and  such  debtor.  Such  form  contract shall, at minimum, make   provision for the following information:1. a complete  list  of  the  debtor's  obligations  to  be  adjusted,   including the name of each creditor;2.  the  total  fees  agreed  to  for  such  services,  including  any   adjustments for estimated available  rebates  from  creditors,  provided   that  nothing  in  this  subdivision  shall  require a licensee to share   rebates with its clients;3. the commencement and termination date of the contract;4. a pro forma statement of the total fees to  be  charged,  including   expected  available rebates from creditors, expressed as a percentage of   the total obligations, principal and interest to be adjusted under  such   contract;5.  settlement  terms  in  case  of  cancellation  of  the contract or   prepayment of the obligations;6. a notice to the debtor that the  debtor  may  cancel  the  contract   until  midnight  of  the  third  business day after the day on which the   debtor has signed the contract; and7. the terms under which the payments may be made by the debtor.  Upon   execution, a copy of such contract shall be immediately furnished to the   debtor.  Such contract may subsequently be amended to include additional   creditors and debtors obligations.
NY Banking L § 585 (2021)
2021 New York Laws BNK - Banking Article 12-C - Budget Planners 585 - Superintendent Authorized to Examine.

§  585.  Superintendent  authorized  to  examine.  For  the purpose of   discovering violations of this article or securing information  lawfully   required  by  him  or her hereunder, the superintendent may at any time,   and as often as he or she may  determine,  either  personally  or  by  a   person  duly  designated  by  him  or  her, investigate the business and   examine the books, accounts, records, and files used  therein  of  every   licensee  hereunder.  For that purpose the superintendent and his or her   duly designated representative shall have free access to the offices and   place of business, books, accounts, papers, records,  files,  safes  and   vaults  of  all  such  licensees. The superintendent and any person duly   designated by him or her shall have authority to require the  attendance   of  and  to examine under oath all persons whose testimony he or she may   require relative to such business. The expenses incurred in  making  any   examination  pursuant to this section 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. If, upon review, the superintendent shall determine that   the  fees or service charges set by the licensee are unreasonable, he or   she shall direct the licensee to  make  adjustments  in  said  fees  and   service  charges in accordance with his or her findings, which shall set   forth a detailed factual basis and reasoning supporting such finding.
NY Banking L § 586 (2021)
2021 New York Laws BNK - Banking Article 12-C - Budget Planners 586 - Licensee's Books and Records; Reports.

§ 586.  Licensee's  books  and records; reports. 1. The licensee shall   keep and use in its 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, for at  least   three  years;  provided,  however,  that  preservation  by  photographic   reproduction thereof or records in photographic  form  shall  constitute   compliance with the requirements of this section.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 such licensee under authority of   this article. Such report shall be subscribed and affirmed  as  true  by   the  licensee  under  the  penalties of perjury and shall be in the form   prescribed by the superintendent. In addition  to  annual  reports,  the   superintendent  may  require,  under  oath and in the form prescribed by   him, 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 § 587 (2021)
2021 New York Laws BNK - Banking Article 12-C - Budget Planners 587 - Authority of Superintendent.

§ 587.  Authority  of  superintendent.  The  superintendent  is hereby   authorized  and  empowered  to  make,  in  addition   hereto   and   not   inconsistent  herewith,  such  general  rules  and regulations, and such   specific rulings, demands, and findings as he may deem necessary for the   proper conduct of the business authorized and licensed hereunder and for   the enforcement of this article.
NY Banking L § 589 (2021)
2021 New York Laws BNK - Banking Article 12-D - Licensed Mortgage Bankers 589 - Declaration of Policy.

§ 589.  Declaration  of policy. The origination, funding and servicing   of residential mortgage loans and the  types  of  entities  involved  in   residential mortgage lending has undergone significant changes in recent   years,  due in part to developments in the general economy, specifically   interest rate volatility, the sophistication of the  national  secondary   market for mortgage loans and the market for mortgage-backed securities.   The  recent trend toward deregulation in the financial services industry   has  accelerated  the  evolution  of   residential   mortgage   lending,   dramatically  increasing  the  types  of  mortgage loans offered and the   manner  in  which  they  are  advertised  and  marketed  to   consumers.   Depository  institutions,  traditionally the major source of residential   mortgage  financing  for  individuals,  now  compete  for  capital   and   customers   with   mortgage   bankers   and   other   financial  service   organizations.  Residential  mortgage  lenders  of   every   type   have   increasingly  relied  on  non-financial intermediaries, such as mortgage   brokers, to make loans available to consumers. These  developments  have   raised  questions  as  to  whether all entities engaging in this banking   function operate under appropriate regulatory scrutiny and as to whether   all residential mortgage lenders are conducting their  business  in  the   best interests of New York homeowners and potential homeowners.The  activities  of  lenders  and  their agents offering financing for   residential real property have a direct and immediate  impact  upon  the   housing  industry,  the neighborhoods and communities of this state, its   homeowners and potential homeowners. The legislature finds  that  it  is   essential  for  the  protection  of  the  citizens of this state and the   stability of the state's economy that reasonable standards governing the   business practices of mortgage lenders and their agents be imposed.  The   legislature  further  finds  that  the  obligations of lenders and their   agents to consumers in connection with making,  soliciting,  processing,   placing  or  negotiating  of  mortgage  loans are such as to warrant the   uniform  regulation  of  the  residential  mortgage   lending   process,   including   the  application,  solicitation,  making  and  servicing  of   mortgage loans.   Consistent with the  purposes  of  promoting  mortgage   lending  for  the  benefit  of  our citizens by responsible providers of   mortgage loans and services and avoiding requirements inconsistent  with   legitimate  and  responsible  business practices in the mortgage lending   industry, the purpose of this article is to protect New  York  consumers   seeking  a  residential  mortgage  loan  and to ensure that the mortgage   lending industry is operating fairly,  honestly  and  efficiently,  free   from deceptive and anti-competitive practices.
NY Banking L § 593 (2021)
2021 New York Laws BNK - Banking Article 12-D - Licensed Mortgage Bankers 593 - License Provisions.

§ 593.  License  provisions.  Each  license  issued under this article   shall state the address or addresses at which  the  business  is  to  be   conducted  and  shall state fully the name of the licensee, and the date   and place of its incorporation if applicable. A  copy  of  such  license   shall  be  prominently posted in each place of business of the licensee.   Such license shall not be transferable or assignable. In the  event  the   location  at which the business is to be conducted shall be changed, the   licensee shall forthwith notify the superintendent who  shall  thereupon   without  charge  attach  to the license an amendment certificate setting   forth such changed location.