reglab/statecodes huggingface dataset:
2023 New York Laws › BNK - Banking › Article 8-A - Safe Deposit Business › 332 - Definitions.

§ 332.  Definitions. As used in this article, the following terms have
  the following meanings:
1. Lessor. The term, "lessor" means a  banking  organization,  foreign
  banking  corporation  or  a  national  banking association authorized to
  engage in the safe deposit business.
2. Safe deposit box. The term, "safe deposit box" means a vault,  safe
  deposit box or other receptacle.
2023 New York Laws › BNK - Banking › Article 8-A - Safe Deposit Business › 333 - Access to Safe Deposit Boxes by Certain Fiduciaries.

§ 333.  Access  to safe deposit boxes by certain fiduciaries.  Where a
  safe deposit box is let by a lessor to one or  more  persons  acting  as
  executors,  administrators,  trustees,  guardians,  a  committee,  or as
  conservators, the lessor may, except as otherwise expressly provided  by
  the  terms  of  the lease or by the will or other instrument or order or
  decree under which such person or persons may be  acting,  allow  access
  thereto as follows:
1.  By  any  one  or  more  of  the  persons  acting  as  executors or
  administrators;
2. By any one or more of the persons acting as trustees, guardians,  a
  committee,  or  as conservators when authorized in writing signed by the
  other person or all other persons so acting.
3. By any agent, authorized in a writing signed and duly  acknowledged
  by  the  person,  or  if  more  than  one,  by all the persons acting as
  executors, administrators, trustees or guardians,  a  committee,  or  as
  conservators.
2023 New York Laws › BNK - Banking › Article 8-A - Safe Deposit Business › 334 - Leases to Minors.

§ 334.  Leases  to  minors.  A  lessor may let a safe deposit box to a
  minor with the same effect as if such lessee were of full age  and  with
  the  same  effect  may  allow access to such safe deposit box and to the
  contents thereof to such lessee or to any deputy or agent  appointed  in
  writing by such lessee.
2023 New York Laws › BNK - Banking › Article 8-A - Safe Deposit Business › 336 - Special Remedies Where Property Is Deposited.

§ 336.  Special remedies where property is deposited. 1. Every banking
  organization,  foreign   banking   corporation   or   national   banking
  association  authorized  to  receive  personal property upon deposit for
  safe-keeping or as bailee for storage, and which shall have received any
  such property and shall have issued a receipt therefor, shall  have  the
  remedies  of  a  warehouseman  as  to  such  property,  and  the banking
  organization,  foreign   banking   corporation   or   national   banking
  association  shall  have a lien on such deposits or the proceeds thereof
  to the same extent and with the same effect, and enforceable in the same
  manner, as is provided by article seven of the uniform commercial code.
2. A banking organization, foreign  banking  corporation  or  national
  banking  association  holding personal property upon deposit for which a
  receipt was issued by a predecessor in interest may  have  the  remedies
  provided by this section.
3.  The provisions of this section shall not preclude any other remedy
  by action or otherwise for the enforcement of the claim of  the  banking
  organization,   foreign   banking   corporation   or   national  banking
  association against the person from  whom  personal  property  has  been
  received  upon  deposit  and  to  whom  a receipt shall have been issued
  therefor, nor bar the right of the banking organization, foreign banking
  corporation or national banking association to recover the debt  due  it
  in any other lawful manner.
2023 New York Laws › BNK - Banking › Article 8-A - Safe Deposit Business › 337 - Sale of Safe Deposit Business.

§ 337.  Sale  of  safe  deposit business. Subject to the provisions of
  subdivision eight of section six hundred five  of  article  thirteen  of
  this  chapter,  any  banking organization or foreign banking corporation
  may, with the approval of the superintendent, sell  to  another  banking
  organization,   foreign   banking   corporation   or   national  banking
  association authorized to conduct the business of renting  safe  deposit
  boxes,  all  or any part of its safe deposit business, and upon at least
  thirty days notice in writing to the lessees of the safe  deposit  boxes
  so  sold,  such safe deposit boxes may be delivered to the possession of
  such purchasing banking organization,  foreign  banking  corporation  or
  national  banking  association  and thereupon, except for claims against
  the selling banking organization or foreign banking corporation asserted
  in writing prior to such delivery, the obligations  and  rights  of  the
  selling  banking  organization  or  foreign banking corporation upon the
  leases relating thereto shall be deemed to be assumed by the  purchasing
  banking  organization,  foreign  banking corporation or national banking
  association  as  a  successor  in  interest  of  the   selling   banking
  organization  or  foreign  banking  corporation  and the selling banking
  organization or foreign banking corporation  shall  be  discharged  from
  liability  in  respect thereof.   Any lessee of a safe deposit box, upon
  receipt of a notice in writing of the proposed sale of such safe deposit
  box by a  banking  organization  or  foreign  banking  corporation,  may
  terminate  his  lease  therefor  by  removing the contents therefrom and
  surrendering such safe  deposit  box  to  the  banking  organization  or
  foreign  banking  corporation prior to the date fixed in such notice for
  the delivery  of  such  safe  deposit  box  to  the  purchasing  banking
  organization,   foreign   banking   corporation   or   national  banking
  association and thereupon such lessee shall be entitled to a  refund  of
  the  unearned  rent,  if any, paid by such lessee to the selling banking
  organization or foreign banking corporation.
2023 New York Laws › BNK - Banking › Article 8-A - Safe Deposit Business › 338 - Notice to Renters of Safe Deposit Boxes Regarding Insurance.

§ 338. Notice to renters of safe deposit boxes regarding insurance. 1.
  Any  banking  organization  or  safe  deposit  company which offers safe
  deposit boxes for rent shall provide each customer at the time of rental
  with a copy of a safe deposit box rental agreement. Such agreement shall
  include, on its face, or on an attachment thereto a notice in  at  least
  eight point bold type reading as follows:
Important  Notice:  (1)  The contents of your safe deposit box
may not be fully protected against loss  under  the  insurance
coverage  maintained  by the bank or safe deposit company. (2)
For your protection, you may wish to secure your own insurance
through an insurance company of your choice.  (3)  You  should
keep a complete list and description of all property stored in
your safe deposit box, and any available proof of ownership.
2.  The  notice  required  under subdivision one of this section shall
  also appear on all subsequent rental bills or attachments thereto.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 340 - Doing Business Without License Prohibited.

§ 340.  Doing  business without license prohibited. No person or other
  entity shall engage in the business of making  loans  in  the  principal
  amount  of  twenty-five  thousand  dollars  or  less  for any loan to an
  individual for personal, family, household, or investment  purposes  and
  in a principal amount of fifty thousand dollars or less for business and
  commercial loans, and charge, contract for, or receive a greater rate of
  interest  than the lender would be permitted by law to charge if he were
  not a licensee hereunder  except  as  authorized  by  this  article  and
  without first obtaining a license from the superintendent.
For  the  purposes  of  this  section,  a  person  or  entity shall be
  considered as engaging in the business of making loans in New York,  and
  subject  to  the licensing and other requirements of this article, if it
  solicits loans in the amounts prescribed by  this  section  within  this
  state  and,  in  connection  with  such  solicitation,  makes  loans  to
  individuals then resident in this state, except that no person or entity
  shall be considered as engaging in the business of making loans in  this
  state  on  the  basis of isolated, incidental or occasional transactions
  which otherwise meet the requirements of this section.
Nothing in this  article  shall  apply  to  licensed  collateral  loan
  brokers.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 342 - Conditions Precedent to Issuing License; Procedure Where Application Denied.

§ 342.  Conditions  precedent  to  issuing  license;  procedure  where
  application denied. Upon the filing of such application and the  payment
  of  such  fees,  if  the  superintendent  shall  find that the financial
  responsibility,  experience,  character,  and  general  fitness  of  the
  applicant,  and of the members thereof if the applicant be a partnership
  or association, and  of  the  officers  and  directors  thereof  if  the
  applicant be a corporation, 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,
  and  if  the  superintendent shall find that the applicant has available
  for the operation of such business at  each  specified  location  liquid
  assets  of  at  least  fifty  thousand dollars, the superintendent shall
  thereupon execute a master  license,  and  if  applicable  one  or  more
  supplemental  licenses,  to make loans in accordance with the provisions
  of this article at the location  or  locations  specified  in  the  said
  application.  The superintendent shall transmit one copy of such license
  or licenses to the applicant and file the same  in  the  office  of  the
  department.  Each  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, a master
  license shall not be issued and  the  superintendent  shall  notify  the
  applicant  of  the  denial. If an application is denied or withdrawn the
  superintendent shall return  to  the  applicant  the  sum  paid  by  the
  applicant as a license fee, retaining the investigation fee to cover the
  costs of investigating the application. The superintendent shall approve
  or  deny  every application for a master license hereunder within ninety
  days from the filing thereof with the said fees.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 343 - License Provisions; Separate License for Each Place of Business; Change of Location.

§ 343.   License  provisions;  separate  license  for  each  place  of
business; change of location. 1. A license shall state  the  address  at
which  the business is to be conducted and shall state fully the name of
the licensee, and if the licensee is a partnership or  association,  the
names  of  the members thereof, and if a corporation, the date and place
of its incorporation. A  master  license  shall  be  kept  conspicuously
posted  in  the  principal  place  of  business  of  the  licensee and a
supplemental license shall  be  conspicuously  posted  at  the  location
identified  in  the  license. No master or supplemental license shall be
transferable or assignable.
2. A separate license shall be required for each location at  which  a
licensee   makes  loans  under  the  provisions  of  this  article.  The
superintendent may issue more than one license to the same licensee. For
each new license, the licensee shall comply with  all  the  requirements
for obtaining a license as stated in this article.
3.  (a)  A  licensee  may  change  the  location  of a licensed lender
business by giving written notice to the superintendent at least  thirty
days  prior to such change. The licensee shall pay to the superintendent
a fee as prescribed pursuant to section eighteen-a of this  chapter  for
each  change  of location and shall provide any information which may be
required regarding the change of location.
(b) The superintendent shall, if satisfied that there is no reasonable
objection to such change of location  and  upon  the  surrender  of  the
license  for  the  location  which  is  being  changed,  issue a license
containing the information required by subdivision one of this  section.
If  the  superintendent  shall  not  be satisfied that such change is in
accordance with the purposes of this article, the  superintendent  shall
refuse   such  change  of  location  and  notify  the  licensee  of  the
determination.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 348 - Superintendent Authorized to Examine.

§ 348.  Superintendent  authorized  to  examine.  For  the  purpose of
  discovering violations of this article or securing information  lawfully
  required  hereunder, the superintendent may at any time, and as often as
  may be determined, either personally or by a person duly  designated  by
  the  superintendent,  investigate the loans and business and examine the
  books, accounts, records, and files used therein of every licensee.  For
  that purpose the  superintendent  and  duly  designated  representatives
  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  shall  have  authority  to  require the
  attendance of and to examine under oath  all  persons  whomsoever  whose
  testimony may be required relative to such loans or such business.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 349 - Licensee's Books and Records; Reports.

§ 349.  Licensee's books and records; reports. 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, including cards used in the
  card system, if any, for at least two years after making the final entry
  on any loan recorded therein.  Preservation of photographic reproduction
  thereof or records in  photographic  form,  including  an  optical  disk
  storage  system and the use of electronic data processing equipment that
  provides comparable records to those otherwise required  and  which  are
  available  for examination upon request shall constitute compliance with
  the requirements of this section.
Each licensee shall annually on or before the first day of April  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 such licensee within the state 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  who  shall  make  and  publish  annually  a consolidated
  statement of condition showing the combined assets  and  liabilities  of
  all  licensed lenders. Such consolidated statement of condition shall be
  based upon the information contained in such  reports.  In  addition  to
  annual  reports,  the superintendent may require such additional regular
  or special reports as may be deemed 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.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 350 - Restrictions Concerning Advertising, Liens on Real Estate, and Places Where Loans Made.

§ 350.  Restrictions concerning advertising, liens on real estate, and
places where loans made. 1.  (a)  No  licensee  or  other  entity  shall
advertise, print, display, publish, distribute, or broadcast or cause or
permit  to be advertised, printed, displayed, published, distributed, or
broadcasted, in any manner whatsoever any  statement  or  representation
with regard to the rates, terms, or conditions for the loaning of money,
credit,  goods,  or  things  in  action  which  is  false, misleading or
deceptive, or in violation of chapter  three  of  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.
(b) No licensee shall make,  directly  or  indirectly,  orally  or  in
writing,  by  any method, practice or device, any representation that it
is licensed under  this  chapter,  except  a  representation  that  such
licensee  is  licensed  as  a  licensed  lender  by  the  New York state
department of financial services.
2. No licensee shall take a lien upon real estate as security for  any
loan  under  the  provisions  of  this  article,  except such lien as is
created by law upon the recording of a judgment.
3. No licensee shall conduct the business of making  loans  under  the
provisions of this article within any office, room, or place of business
in  which  any  other  business  is  solicited  or  engaged  in,  or  in
association or conjunction therewith, except (a) a licensee  may,  after
obtaining  any  required  license,  conduct  on  its premises businesses
authorized under articles eleven-B, twelve-B, twelve-D and thirteen-B of
this  chapter,  or  (b)  as  may  be  authorized  in  writing   by   the
superintendent  upon a finding that such other business would not result
in evasions of this article or of the  rules  and  regulations  lawfully
made hereunder.
4.  No licensee shall transact such business or make any loan provided
for by this article under any other  name  or  at  any  other  place  of
business  than that named in the license, except as may be authorized by
the superintendent.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 353 - Limitation on Licensee's Charges on Certain Loans.

§ 353.  Limitation on licensee's charges on certain loans. No licensee
  shall directly or  indirectly  charge,  contract  for,  or  receive  any
  interest,  discount, or consideration upon the loan, use, or forbearance
  of money, goods, or things in action, or upon the loan, use, or sale  of
  credit,  of  the  amount  or  value  of  more  than  the maximum amounts
  prescribed in section three hundred forty of this article  greater  than
  the  rate permitted by section 5-501 of the general obligations law. The
  foregoing prohibition shall also apply to any licensee which permits any
  person, as borrower  or  as  endorser,  guarantor,  or  surety  for  any
  borrower  or  otherwise,  to owe directly or contingently or both to the
  licensee at any time more than the maximum amounts prescribed in section
  three hundred forty of this article.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 354 - Restrictions on Assignments of Compensation for Services.

§ 354.  Restrictions on assignments of compensation for services. 1. A
licensee shall not  take  an  assignment  of  unearned  wages  or  other
earnings unless:
(a)  the  assignment  by  its  terms  is  revocable at the will of the
borrower; or
(b) the assignment is a payroll deduction plan.
2. No assignment of wages or other earnings given to secure  any  loan
hereunder  shall  be valid unless the amount of such loan is paid to the
borrower simultaneously with its execution.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 355 - Solicitation of Loans.

§ 355.  Solicitation  of  loans.  1.  Any  loan  made  by a person not
  licensed under this article to a resident of this state, in the  amount,
  not  exceeding  the  maximum amounts prescribed in section three hundred
  forty of this article, where solicitation of the loan  was  made  within
  this  state,  and  where  the interest, discount, consideration or other
  charge contracted for or received exceeds that permitted to  a  licensee
  under the laws of this state shall be void, and the lender shall have no
  right   to   collect  or  receive  any  principal,  interest  or  charge
  whatsoever. No action to enforce  a  loan  made  in  violation  of  this
  subdivision  may  be  maintained,  even though the amount demanded to be
  paid in such action does not exceed that permitted to a  licensee  under
  the laws of this state.
2.  For purposes of this article, solicitation of a loan shall include
  any solicitation, request or inducement to enter into  a  loan  made  by
  means  of  or through a direct mailing, television or radio announcement
  or advertisement, advertisement in a  newspaper,  magazine,  leaflet  or
  pamphlet  distributed  within  this state, or visual display within this
  state,  whether  or  not  such  solicitation,  request   or   inducement
  constitutes an offer to enter into a contract.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 356 - Restrictions on Certain Loans by Non-Licensees, Interests, Other Charges; Loans Made Outside This State.

§ 356.  Restrictions  on  certain  loans  by non-licensees, interests,
  other charges; loans made outside this state. No person or other entity,
  other than a licensee under this article, shall directly  or  indirectly
  charge,   contract   for,   or   receive   any  interest,  discount,  or
  consideration greater than the person or other entity would be permitted
  by law to charge if it were not a licensee hereunder  upon  a  loan  not
  exceeding  the maximum amounts prescribed in section three hundred forty
  of this article.
The foregoing prohibition shall apply to any person  or  other  entity
  who  or  which,  by any device, subterfuge, or pretense whatsoever shall
  charge, contract for, or receive  greater  interest,  consideration,  or
  charges  than is authorized by the laws of this state for any such loan,
  use, or forbearance of money, goods, or things in action or for any such
  loan, use, or sale of credit.
Any loan in an amount not exceeding the maximum amounts prescribed  in
  section  three hundred forty of this article for which a greater rate of
  interest, consideration, or charges than is permitted  by  the  laws  of
  this state has been charged, contracted for, or received, wherever made,
  shall  not  be  enforced  in this state and every person or other entity
  participating therein in this state shall be subject to  the  provisions
  of  this article.   An action to enforce any such loan made in any other
  state to a person then a resident of that state, who now resides in this
  state may be maintained  in  this  state  if  the  amount  of  interest,
  discount,  consideration  or  other charge for such loan, demanded to be
  paid in such action, does not exceed that permitted  to  a  licensee  by
  section  three  hundred fifty-one of this article for a loan of the same
  amount repayable in the same manner.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 358 - Penalties.

§ 358.  Penalties.  Any person or other entity including the officers,
  directors,  agents,  and  employees  thereof,  which  shall  violate  or
  participate  in  the violation of any of the provisions of section three
  hundred forty of this chapter shall be guilty of a misdemeanor.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 359 - Authority of Superintendent.

§ 359.  Authority  of  superintendent.  The  superintendent  is hereby
  authorized and empowered to make such general rules and regulations, and
  such specific rulings, 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, in addition  hereto  and  not  inconsistent
  herewith.
2023 New York Laws › BNK - Banking › Article 9 - Licensed Lenders › 361 - Severability.

§ 361.   Severability.  If  any  provision  of  this  article  or  the
  application thereof to  any  person  or  circumstances  is  held  to  be
  invalid,   such   invalidity   shall  not  affect  other  provisions  or
  applications of this article which  can  be  given  effect  without  the
  invalid provision or application, and to this end the provisions of this
  article are severable.
2023 New York Laws › BNK - Banking › Article 9-A - Licensed Cashers of Checks › 366 - Definitions.

§ 366.  Definitions.  When used in this article. 1. The term "licensed
  casher of checks"  means  any  individual,  partnership,  unincorporated
  association  or  corporation  duly  licensed  by  the  superintendent of
  financial services to engage in business pursuant to the  provisions  of
  this article.
2.  The  term  "licensee"  means  a  licensed casher of checks, drafts
  and/or money orders.
3. The term "mobile unit" means any vehicle  or  other  movable  means
  from  which the business of cashing checks, drafts or money orders is to
  be conducted.
2023 New York Laws › BNK - Banking › Article 9-A - Licensed Cashers of Checks › 367 - License Requirements; Fees; Capital Requirements.

§ 367. License requirements; fees; capital requirements. 1. No person,
  partnership,  association or corporation shall engage in the business of
  cashing checks, drafts or money orders for a consideration without first
  obtaining a license from the superintendent.
2. Application for such license shall be in writing, under  oath,  and
  in  the  form  prescribed  by  the superintendent, and shall contain the
  name, and the address both of the residence and place  of  business,  of
  the  applicant, and if the applicant is a co-partnership or association,
  of every member thereof, and if  a  corporation,  of  each  officer  and
  director thereof; also, if the business is to be conducted at a specific
  address,  the  address  at which the business is to be conducted, and if
  the business is to be conducted from a mobile unit, the New  York  state
  registration  number or other identification of such mobile unit and the
  area in which the applicant proposes to operate such  mobile  unit;  and
  also such further information as the superintendent may require.
3.  Such applicant at the time of making such application shall pay to
  the superintendent a fee as prescribed pursuant to section eighteen-a of
  this chapter for investigating the application. Any licensee  requesting
  a  change  of  address, shall at the time of making such request, pay to
  the superintendent a fee as prescribed pursuant to section eighteen-a of
  this chapter for investigating the new address; provided, however,  that
  the   superintendent   may,   in  his  or  her  discretion,  waive  such
  investigation fee if warranted, and provided further, that no fee  shall
  be payable for the relocation of a limited station.
4.   Every   applicant  shall  prove,  in  form  satisfactory  to  the
  superintendent that he or it has available for  the  operation  of  such
  business,  for  each  location and for each mobile unit specified in the
  application, liquid assets of at least ten thousand dollars,  and  every
  licensee  shall continuously maintain for the operation of such business
  for each location and for each mobile unit liquid assets of at least ten
  thousand dollars.  Notwithstanding  the  foregoing  provisions  of  this
  subdivision,  the  superintendent,  upon application by an applicant and
  for good cause shown, may permit a reduction from ten  thousand  dollars
  to not less than five thousand dollars of minimum liquid assets required
  for each location.
2023 New York Laws › BNK - Banking › Article 9-A - Licensed Cashers of Checks › 371 - Regulations.

§ 371.  Regulations.  The  superintendent  is  hereby  authorized  and
  empowered to make such 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 under and for  the  enforcement  of
  this article, in addition hereto and not inconsistent herewith.
2023 New York Laws › BNK - Banking › Article 9-A - Licensed Cashers of Checks › 372 - Fees and Charges; Posting Schedule; Records and Reports.

§ 372. Fees and charges; posting schedule; records and reports. 1. The
  superintendent  shall,  by  regulation, establish the maximum fees which
  may be charged by licensees for cashing a check, draft, or money  order.
  No  licensee shall charge or collect any sum for cashing a check, draft,
  or money order in excess of that  established  by  the  superintendent's
  regulations;  provided,  however, that no maximum fee shall apply to the
  charging of fees by licensees for the cashing of checks, drafts or money
  orders for payees of such checks, drafts or money orders that are  other
  than natural persons.
2. The schedule of fees and charges permitted under this section shall
  be  conspicuously  and  continuously  posted in every location and mobil
  unit licensed under this article.
3. No change in fees shall become effective earlier than  thirty  days
  after the superintendent shall notify the majority leader of the senate,
  the  speaker  of  the  assembly, and the chairmen of both the senate and
  assembly committees on banks of his intention to change fees.
4. The fees in effect immediately prior to the effective date of  this
  subdivision  shall  continue  to  be  the  maximum  allowable fees until
  revised by the superintendent's regulations.
5. Each licensee shall keep  and  use  in  its  business  such  books,
  accounts,  and  records  as the superintendent may require to carry into
  effect the provisions of this article and the rules and regulations made
  by the superintendent hereunder.  Every  licensee  shall  preserve  such
  books, accounts and records for at least two years.
6.  Before  a licensee shall deposit with any banking organization, or
  with any organization engaged in the business of banking, a check, draft
  or money order cashed by such licensee, the same must be  endorsed  with
  the  actual  name  under  which such licensee is doing business and must
  have the words "licensed casher of checks" legibly  written  or  stamped
  immediately after or below such name.
7.  Every  licensee shall submit to the superintendent, or such person
  as the superintendent may designate, such suspicious activity reports or
  currency transaction reports as are required to be submitted to  federal
  authorities  pursuant  to provisions of the Bank Secrecy Act (subchapter
  11, chapter 53, title  31,  United  States  code)  and  regulations  and
  administrative orders related thereto, as amended, within the periods of
  time  as  required  by such act and regulations. A licensee may submit a
  copy of any such report to the superintendent, or  such  person  as  the
  superintendent   may   designate,   that  is  filed  with  such  federal
  authorities. The superintendent may adopt such  regulations  or  require
  such  additional  reports  as  he  or  she deems necessary to insure the
  effective enforcement of this subdivision.
2023 New York Laws › BNK - Banking › Article 9-A - Licensed Cashers of Checks › 372-A - Superintendent Authorized to Examine.

§  372-a.  Superintendent authorized to examine. 1. For the purpose of
  discovering violations of this article or securing information  lawfully
  required  in  this  section,  the superintendent may at any time, and as
  often as may be determined,  either  personally  or  by  a  person  duly
  designated  by  the superintendent, investigate the cashing of checks by
  licensees and examine the  books,  accounts,  records,  and  files  used
  therein of every licensee.
2. For the purpose established in subdivision one of this section, the
  superintendent and his or her duly designated representatives shall have
  free  access  to  the  offices  and places of business, books, accounts,
  papers, records, files, safes and vaults  of  all  such  licensees.  The
  superintendent  shall have authority to require the attendance of and to
  examine under oath all persons whose testimony may be required  relative
  to such cashing of checks or such business.
2023 New York Laws › BNK - Banking › Article 9-A - Licensed Cashers of Checks › 372-B - Forged Checks for Cashing; Signage.

§  372-b. Forged checks for cashing; signage. All licensees shall post
  in a conspicuously prominent place, clearly visible to  all  patrons,  a
  statement  printed  in  plain language as provided by the superintendent
  informing the public that cashing a forged check  is  illegal  and  that
  those  who  knowingly  cash forged checks will be prosecuted pursuant to
  article one hundred seventy of the penal law.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 375 - Incorporation; Organization Certificate.

§ 375. Incorporation; organization certificate. When authorized by the
superintendent  as  provided  in article two of this chapter, fifteen or
more persons, residents of the state of New York, may form a corporation
to be known as a  savings  and  loan  association.  Such  persons  shall
subscribe   and   acknowledge   and  submit  to  the  superintendent  an
organization certificate in duplicate, which shall  specifically  state:
1. The name by which the association is to be known, which shall contain
as a part thereof the words "savings and loan association."
2. The place where its principal office is to be located.
3.  The  name,  occupation and place of residence of each incorporator
and the number of shares for which he has subscribed.
4. The total matured value of the shares for which  the  incorporators
have  subscribed,  which  shall  be  at  least: (a) Twenty-five thousand
dollars if the place where the principal office is to be located  has  a
population of ten thousand or more; or
(b)  Ten  thousand  dollars  if  the principal office is to be located
elsewhere.
5. The number of directors of the association, or that the  number  of
directors shall not be less than a stated minimum nor more than a stated
maximum.  Such  number,  or the minimum and the maximum stated, shall be
within the limitations prescribed by section three hundred  ninety-seven
of this article.
6. The names of the incorporators who shall be its directors until the
first  annual meeting. The incorporators named as directors must possess
the  qualifications  of  directors  as  to  citizenship  and   residence
specified in section three hundred ninety-seven of this article.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 377 - When Corporate Existence Begins.

§ 377.  When corporate existence begins. When the superintendent shall
  have approved the organization certificate and the proposed by-laws, and
  shall have issued his authorization certificate as provided  in  article
  two  of  this  chapter, the corporate existence of the association shall
  begin.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 378-B - Club Accounts.

§ 378-b.  Club accounts. 1. No contract under which a savings and loan
  association agrees to  repay  shares  of  fixed  sums  made  at  regular
  intervals  at  a  given  time  with  all  interest or dividends credited
  thereon, or to  repay  said  shares  when,  together  with  interest  or
  dividends  credited  thereon,  they  shall  equal  a  specified sum, may
  provide for any forfeiture of the sums deposited in  the  event  of  the
  discontinuance  of  the  regular payments. Interest or dividends on club
  accounts, if offered, must be credited at least quarterly and may not be
  forfeited once credited, in the event of the discontinuance  of  regular
  payments.
2.  Any  savings  and  loan association which provides for deposits in
  club accounts shall,  in  all  advertising  announcements  or  brochures
  pertaining  to such accounts, state whether or not interest or dividends
  are paid thereon and, if interest or dividends are paid, shall state the
  rate or form of interest or dividends so paid  in  accordance  with  any
  rules and regulations that may be prescribed by the superintendent.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 378-C - Excelsior Linked Deposit Program.

§ 378-c.   Excelsior  linked  deposit  program.  A  savings  and  loan
  association may accept  moneys  deposited  by  the  comptroller  or  the
  commissioner  of  taxation  and  finance  as linked deposits pursuant to
  article fifteen of the state finance  law  and  enter  into  agreements,
  pledge assets or furnish other security, satisfactory in form and amount
  to such authorized depositor, for the repayment of such moneys.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 378-D - Preservation of Books and Records.

§  378-d.  Preservation  of  books and records. Every savings and loan
  association shall preserve all its records  of  final  entry,  including
  cards used under the card system and deposit tickets, for a period of at
  least six years from the date of making the same or from the date of the
  last entry thereon; provided, however, that preservation of photographic
  reproductions  thereof  or records in photographic form shall constitute
  compliance with the requirements of this  section.  Notwithstanding  the
  foregoing,  the  superintendent  of  financial services may prescribe by
  regulation such period of time longer or shorter than six  years  during
  which  all  records  kept  by savings and loan associations as fiduciary
  shall be preserved in original form.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 378-E - Water Pollution Control Linked Deposit Program.

§ 378-e. Water pollution control linked deposit program. A savings and
  loan  association  may  accept  moneys  deposited  by the New York state
  environmental facilities corporation  as  linked  deposits  pursuant  to
  article  sixteen  of  the  state  finance law and enter into agreements,
  pledge assets or furnish other security, satisfactory in form and amount
  to  New  York  state  environmental  facilities  corporation,  for   the
  repayment of such moneys.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 379 - Power to Invest in Securities.

§ 379.  Power  to invest in securities. A savings and loan association
may invest its funds in the following  securities:  (1)  Shares  of  the
Savings  and  Loan  Bank  of  the  State  of  New York, in an amount not
exceeding five per centum of the assets of such association at the  time
of  such  investment, except that such amount may exceed five per centum
with the written approval of the superintendent.
(2) Capital stock of a federal  home  loan  bank,  in  an  amount  not
exceeding  five per centum of the assets of such association at the time
of such investment, except that such amount may exceed five  per  centum
with the written approval of the superintendent.
(3) Obligations of the Savings and Loan Bank of the State of New York.
(4)  Bonds,  debentures, consolidated debentures, or other obligations
of a federal home loan bank or banks.
(5)  Securities,  certificates  of  deposit  and  other  accounts  and
corporate  obligations in which investments are authorized to be made by
savings  banks  subject  to  those  limitations   applicable   to   such
investments  in  the  case of savings banks, including, without limiting
the foregoing, investments made  under  the  provisions  of  subdivision
thirty of section two hundred thirty-five of this chapter.
(6)  Such  additional  investments  as  are  authorized  to be made by
savings  banks  by  subdivision  thirty-one  of  section   two   hundred
thirty-five  of this chapter, subject to those limitations applicable to
such investments in the case of savings banks.
(7) Such bonds or other evidences of indebtedness issued or guaranteed
by the State of Israel  as  are  approved  by  the  comptroller  of  the
currency  for  investment by national banks; provided, however, that the
principal and interest payable thereon shall be payable in United States
dollars; and provided that  such  investments  may  not  exceed  in  the
aggregate  five percent of the association's capital deposits, undivided
profits, surplus and reserves.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 379-B - Service Corporation Owned by Associations; Authorized Activities of Such Corporation; Investment Therein.

§ 379-b.   Service   corporation  owned  by  associations;  authorized
  activities of such corporation; investment therein.  1.  A  savings  and
  loan  association  may invest in the stock, capital notes and debentures
  of a service corporation organized under the laws of this state for  the
  sole  activities  set  forth  in subdivision two of this section, to the
  extent and upon such conditions as are or have been  authorized  by  the
  superintendent  of financial services, provided that all of the stock of
  such service corporation is, or is to be, owned by one or  more  savings
  and  loan  associations;  and provided further, that no savings and loan
  association may make any investment under this section if its  aggregate
  outstanding   investment   thereby,  determined  as  prescribed  by  the
  superintendent of financial services, would thereupon exceed  three  per
  centum of its assets.
2.  The  activities of such service corporation, performed directly or
  through  one  or  more  wholly  owned  subsidiaries,  shall  consist  of
  rendering such services to savings and loan associations and making such
  investments  for  itself  and  for  savings and loan associations as are
  authorized services and investments  for  such  associations  under  the
  provisions  of  this  chapter  as  well  as  such  activities  as may be
  prescribed by general regulation  of  the  superintendent  of  financial
  services.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 380-A - Power to Purchase Mortgage, Loan or Investment.

§ 380-a.  Power  to  purchase mortgage, loan or investment. Subject to
  such regulations and restrictions as  the  superintendent  of  financial
  services  may prescribe therefor, an association may acquire by purchase
  any mortgage, loan or invetsment which by the provisions of this article
  it is authorized to make and hold.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 380-B - Power to Purchase Mortgages From Mortgage Holders.

§ 380-b.  Power to purchase mortgages from mortgage holders. A savings
  and loan association may purchase from mortgage holders;  (1)  any  bond
  and  mortgage  insured  or  guaranteed  by  the  United  States  or  any
  instrumentality thereof, or for which there is a commitment to so insure
  or guarantee, or (2) provided the mortgage is a first lien, any bond and
  mortgage at least twenty per centum of which is guaranteed  pursuant  to
  the  provisions  of  the  act  of  congress  entitled  the "Servicemen's
  Readjustment Act of 1944". A savings and loan  association  may  receive
  and hold such debentures as are issued in payment of any such insurance.
  No  law  of  this  state  prescribing or limiting the interest rate upon
  loans or advances of credit  or  prescribing  a  penalty  for  violation
  thereof  or  prescribing  the  nature,  amount  or  form  of security or
  requiring security upon which loans or advances of credit may be made or
  prescribing or limiting the period for which loans or advances of credit
  may be made or limiting the amount of any class of  loans,  advances  of
  credit or purchases which may be made shall be deemed to apply to loans,
  advances  of  credit  or purchases made or to loans acquired by purchase
  pursuant to this subdivision.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 380-C - Power to Participate in Certain Loans and Mortgage Investments.

§ 380-c.   Power   to   participate  in  certain  loans  and  mortgage
  investments.  Subject to such regulations and  restrictions  as  may  be
  prescribed  by  the  superintendent of financial services, a savings and
  loan association may participate in making or acquiring (1) loans  of  a
  type  that  it is authorized to have by paragraph (b) of subdivision two
  of section three hundred  eighty  of  this  chapter,  and  (2)  mortgage
  investments of any type that it is authorized to have, provided that the
  participation  acquired  shall  not  be  subordinate  to  any other part
  interest.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 380-E - Effect of Usury.

§ 380-e.  Effect of usury. The knowingly taking, receiving, reserving,
  or charging by a savings and loan association of interest,  as  computed
  pursuant  to  this article, at a rate greater than such rate of interest
  as may be authorized by law shall be held and adjudged a  forfeiture  of
  the  entire  interest  which  the note or other evidence of debt carries
  with it, or which has been agreed to be paid thereon.  If  such  greater
  rate  of interest has been paid, the person paying the same or his legal
  representatives may recover from the savings and loan association  twice
  the  entire  amount  of  the interest thus paid. Nothing in this section
  shall be deemed to affect the powers of any savings and loan association
  with respect to loans or investments it is authorized to make.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 380-F - Power to Make Advances of Federal Funds.

§ 380-f.  Power  to make advances of federal funds. A savings and loan
  association may make advances of  federal  funds  to  commercial  banks,
  provided  such advances are made on the condition that they be repaid on
  the next business day following the day on which the  advance  is  made.
  For  purposes  of this section the term "federal funds" shall mean funds
  which a savings and loan association has on deposit at a commercial bank
  which are exchangeable for funds on deposit at a federal  reserve  bank;
  the  term  "commercial bank" shall mean any bank, trust company, private
  banker, national banking association, having  its  principal  office  in
  this  state; and the term "business day" shall mean any day on which the
  savings and loan  association,  the  commercial  bank  and  the  federal
  reserve  bank  where  the  funds are on deposit are all open for general
  business.
2023 New York Laws › BNK - Banking › Article 10 - Savings and Loan Associations › 380-G - Power to Engage in Line of Credit Financing of Residential Real Estate.

§ 380-g.  Power  to  engage in line of credit financing of residential
  real estate. A savings and loan association is authorized to  invest  an
  amount, not exceeding the lesser of (a) ten per centum of the sum of its
  surplus,  undivided  profits,  and reserves or (b) one per centum of its
  assets, in loans or in interests therein the principal purpose of  which
  is to provide financing with respect to what is or is expected to become
  primarily  residential  real  estate  within  this  state, where (i) the
  association relies substantially for repayment on the borrower's general
  credit standing, with or without other security, or (ii) the association
  relies on other assurances for repayment, including but not limited to a
  guaranty or similar obligation of a third party,  and,  in  either  case
  described  in  clause  (i)  or  (ii),  regardless  of whether or not the
  association takes security.