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N.Y. Banking Law § 30 Unclaimed amounts; deposit by superintendent in trust; preference; release of debtor
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§ 30. Unclaimed amounts; deposit by superintendent in trust; preference; release of debtor. 1. After the completion of the voluntary or involuntary liquidation of the business and property of any banking organization or of the business and property in this state of any foreign b…
N.Y. Banking Law § 3001 Corporate name; general
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§ 3001. Corporate name; general. Except as otherwise provided in this chapter, the name of a corporation or a foreign corporation, or the name of representative and other offices in this state, which are open to the general public and maintained by any banking corporation, where…
N.Y. Banking Law § 3002 Corporate name; exceptions
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§ 3002. Corporate name; exceptions. 1. Any reference to a corporation in this section shall include both corporations and foreign corporations. 2. The provisions of section three thousand one: (a) Shall not require any corporation, existing or licensed under this chapter on the …
N.Y. Banking Law § 31 Index of persons entitled to unclaimed amounts; payment to persons entitled; deduction of service charge
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§ 31. Index of persons entitled to unclaimed amounts; payment to persons entitled; deduction of service charge. An index shall be kept in the office of the department of the names of all persons for whom the superintendent holds in trust any unclaimed amounts. The superintendent…
N.Y. Banking Law § 317 General powers
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§ 317. General powers. Every safe deposit company shall, subject to the limitations and restrictions contained in this article, have the power: 1. To receive upon deposit as bailee for storage, upon terms and conditions to be prescribed by the safe deposit company, personal prop…
N.Y. Banking Law § 318 Branch offices
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§ 318. Branch offices. Any safe deposit company having a capital of one hundred thousand dollars or more may, in accordance with the provisions of article two of this chapter, be permitted to open and maintain a branch office or branch offices in the city or village where its pr…
N.Y. Banking Law § 319 Limitations upon the powers of safe deposit companies
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§ 319. Limitations upon the powers of safe deposit companies. No safe deposit company shall: 1. Lend money, or make any advance, on any property left in its possession, or belonging to others. 2. Open or maintain any branch offices, except as provided in section three hundred an…
N.Y. Banking Law § 32 Insurance of deposits and share accounts
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§ 32. Insurance of deposits and share accounts. 1. Within one year from the date this section shall have become law, every bank, trust company, savings bank, savings and loan association and credit union shall obtain insurance of deposits and share accounts, as the case may be: …
N.Y. Banking Law § 320 Books and records
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§ 320. Books and records. Every safe deposit company shall conform its methods of keeping its books and records to such orders in respect thereto as shall have been made and promulgated by the superintendent pursuant to the provisions of article two of this chapter. Any safe dep…
N.Y. Banking Law § 321 Change of location; change of designation of principal office
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§ 321. Change of location; change of designation of principal office. Any safe deposit company may make a written application to the superintendent for leave to change its place or one of its places of business to any place at which it could be authorized, under the provisions o…
N.Y. Banking Law § 323 Assessment of stockholders to make good impairment of capital; sale of stock
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§ 323. Assessment of stockholders to make good impairment of capital; sale of stock. Whenever the superintendent shall have made requisition upon any safe deposit company pursuant to the provisions of article two of this chapter to make good the amount of an impairment of its ca…
N.Y. Banking Law § 324 Change of control
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§ 324. Change of control. 1. It shall be unlawful, except with the prior approval of the superintendent, for any company, as defined in subdivision two of section one hundred forty-one of this chapter, to directly or indirectly acquire control of any safe deposit company subject…
N.Y. Banking Law § 327 Use of sign or words indicating safe deposit company by unauthorized persons prohibited
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§ 327. Use of sign or words indicating safe deposit company by unauthorized persons prohibited. 1. No entity, other than a duly chartered safe deposit company, shall make use of any office sign at the place where such business is transacted having thereon any artificial or corpo…
N.Y. Banking Law § 328 Communications from department of financial services must be submitted to directors and noted in minutes
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§ 328. Communications from department of financial services must be submitted to directors and noted in minutes. Every official communication as defined in article two of this chapter directed to a safe deposit company or to any officer thereof shall be submitted, by the officer…
N.Y. Banking Law § 329 Reports to superintendent; penalty for failure to make
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§ 329. Reports to superintendent; penalty for failure to make. On or before the first day of February in each year, every safe deposit company shall make a written report to the superintendent of financial services which shall contain a statement of its condition on the morning …
N.Y. Banking Law § 33 Reserve depositaries
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§ 33. Reserve depositaries. The superintendent shall, in his discretion, upon the nomination of any bank, trust company, industrial bank, foreign banking corporation authorized to maintain a branch or branches in this state or private banker, designate as a depositary for its re…
N.Y. Banking Law § 330 Liability of safe deposit company for assessments by superintendent
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§ 330. Liability of safe deposit company for assessments by superintendent. When the superintendent, pursuant to the powers conferred on him by article two of this chapter, shall have levied any assessment upon any safe deposit company and shall have duly notified such safe depo…
N.Y. Banking Law § 332 Definitions
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§ 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 depo…
N.Y. Banking Law § 333 Access to safe deposit boxes by certain fiduciaries
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§ 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…
N.Y. Banking Law § 334 Leases to minors
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§ 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 wr…
N.Y. Banking Law § 335 Special remedies where rental of safe deposit box is not paid or when safe deposit box is not vacated on termination of lease
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§ 335. Special remedies where rental of safe deposit box is not paid or when safe deposit box is not vacated on termination of lease. Every lessor shall be entitled to the following special remedies: 1. (a) If the amount due for the rental of any safe deposit box let by any less…
N.Y. Banking Law § 336 Special remedies where property is deposited
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§ 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 …
N.Y. Banking Law § 337 Sale of safe deposit business
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§ 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 org…
N.Y. Banking Law § 338 Notice to renters of safe deposit boxes regarding insurance
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§ 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 s…
N.Y. Banking Law § 34 Superintendent as attorney to accept service of process
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§ 34. Superintendent as attorney to accept service of process. Whenever pursuant to any provision of this chapter, the superintendent shall have been duly appointed attorney to receive service of process for any individual, partnership, unincorporated association or corporation,…
N.Y. Banking Law § 340 Doing business without license prohibited
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§ 340. Doing business without license prohibited. No person or other\nentity shall engage in the business of making loans in the principal\namount of twenty-five thousand dollars or less for any loan to an\nindividual for personal, family, household, or investment purposes and\n…
N.Y. Banking Law § 341 Application for license; fees; capital requirements
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§ 341. Application for license; fees; capital requirements. 1. (a) As used in this article, the term master license shall mean an original license granted to a person or entity. (b) As used in this article, the term supplemental license shall mean the license granted to a person…
N.Y. Banking Law § 342 Conditions precedent to issuing license; procedure where application denied
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§ 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, …
N.Y. Banking Law § 343 License provisions; separate license for each place of business; change of location
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§ 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 name…
N.Y. Banking Law § 344 Issuance of license upon acquisition of business of licensed lender
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§ 344. Issuance of license upon acquisition of business of licensed lender. 1. Prior to any acquisition, by merger, consolidation, purchase of assets or otherwise, except by purchase of stock, of the assets or business, or a substantial part thereof, of a licensee under this art…
N.Y. Banking Law § 345 Application for acquisition of control of licensed lender by purchase of stock
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§ 345. Application for acquisition of control of licensed lender by purchase of stock. 1. Prior to the acquisition of control of a licensee under this article by means of the acquisition of the capital stock or equity interests in such licensee or in any person who directly or i…
N.Y. Banking Law § 347 Grounds for revocation or suspension of license; procedure
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§ 347. Grounds for revocation or suspension of license; procedure. The superintendent may suspend or revoke any license issued hereunder if the superintendent shall find that: (a) The licensee has failed to pay any sum of money lawfully demanded by the superintendent or to compl…
N.Y. Banking Law § 348 Superintendent authorized to examine
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§ 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 …
N.Y. Banking Law § 349 Licensee's books and records; reports
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§ 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 regulation…
N.Y. Banking Law § 35 Information pamphlet for residential mortgage applicants
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§ 35. Information pamphlet for residential mortgage applicants. 1. The superintendent shall develop a pamphlet known as "what mortgage applicants need to know" and post such pamphlet on the department's web site. Such pamphlet shall be posted and printed in the six most common n…
N.Y. Banking Law § 350 Restrictions concerning advertising, liens on real estate, and places where loans made
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§ 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, o…
N.Y. Banking Law § 351 Restrictions on loans subject to the provisions of this article; interest; other charges
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§ 351. Restrictions on loans subject to the provisions of this\narticle; interest; other charges. 1. Every licensee hereunder may loan\nany sum of money not exceeding the maximum principal amounts prescribed\nin section three hundred forty of this article, and may charge, contra…
N.Y. Banking Law § 352 Acts required of licensees; acts prohibited
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§ 352. Acts required of licensees; acts prohibited. Every licensee shall: Deliver to the borrower at the time any loan is made or prior to the first advance under an open-end loan agreement a statement, in the English language showing in clear and distinct terms the name and add…
N.Y. Banking Law § 353 Limitation on licensee's charges on certain loans
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§ 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…
N.Y. Banking Law § 354 Restrictions on assignments of compensation for services
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§ 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.…
N.Y. Banking Law § 355 Solicitation of loans
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§ 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…
N.Y. Banking Law § 356 Restrictions on certain loans by non-licensees, interests, other charges; loans made outside this state
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§ 356. Restrictions on certain loans by non-licensees, interests,\nother charges; loans made outside this state. No person or other entity,\nother than a licensee under this article, shall directly or indirectly\ncharge, contract for, or receive any interest, discount, or\nconsi…
N.Y. Banking Law § 357 Insurance
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§ 357. Insurance. 1. The licensee may require a borrower, on loans of\ntwo hundred and fifty dollars or more, excluding insurance premiums and\nprecomputed interest, to insure tangible personal property, except\nhousehold goods, taken as security for a loan against any substanti…
N.Y. Banking Law § 358 Penalties
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§ 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.
N.Y. Banking Law § 359 Authority of superintendent
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§ 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…
N.Y. Banking Law § 36 Examinations; right of inspection; penalties for refusing to permit examination
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§ 36. Examinations; right of inspection; penalties for refusing to permit examination. * 1. The superintendent shall have the power to examine every banking organization, every bank holding company and any non-banking subsidiary thereof (as such terms "bank holding company" and …
N.Y. Banking Law § 36-A Reports of lending by banking organizations
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§ 36-a. Reports of lending by banking organizations. The superintendent may require every banking organization to submit from time to time data on its mortgage loans, home improvement loans, or other loans and data on its deposits.
N.Y. Banking Law § 36-B Preservation of books and records
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§ 36-b. Preservation of books and records. When any provision of this chapter or any rule or regulation adopted pursuant thereto requires that books and records be preserved, such requirement may be satisfied by maintenance of original papers or other records, photographic repro…
N.Y. Banking Law § 360 Short title
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§ 360. Short title. This article shall be known and may be cited as the New York licensed lender law.
N.Y. Banking Law § 361 Severability
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§ 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 app…