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0 chapters · 77 sections in this title.
N.Y. Financial Services Law § 606 Hold harmless for insureds from bills for emergency services and surprise bills
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§ 606. Hold harmless for insureds from bills for emergency services and surprise bills. (a) A non-participating provider shall not bill an insured for a surprise bill except for any applicable copayment, coinsurance or deductible that would be owed if the insured utilized a part…
N.Y. Financial Services Law § 607 Dispute resolution for surprise bills
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§ 607. Dispute resolution for surprise bills. (a) Surprise bill involving an insured. (1) For a surprise bill involving an insured, the health care plan shall pay the non-participating provider in accordance with paragraphs two and three of this subsection. (2) The non-participa…
N.Y. Financial Services Law § 608 Payment for independent dispute resolution entity
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§ 608. Payment for independent dispute resolution entity. (a) For disputes involving an insured, when the independent dispute resolution entity determines the health care plan's payment is reasonable, payment for the dispute resolution process shall be the responsibility of the …
N.Y. Financial Services Law § 609 Reporting on new criteria for determining a reasonable fee
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* § 609. Reporting on new criteria for determining a reasonable fee. Four years after the effective date of this section the superintendent of the department of financial services shall submit a report to the governor, the speaker of the assembly, the temporary president of the …
N.Y. Financial Services Law § 701 Definitions
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§ 701. Definitions. (a) The term "advertisement" shall include, but is not limited to, all forms of marketing, solicitation, or dissemination of information related, directly or indirectly, to securing or obtaining a student debt consulting contract or services. Further, it shal…
N.Y. Financial Services Law § 702 Prohibitions
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§ 702. Prohibitions. A student debt consultant is prohibited from doing the following: (a) performing student debt consulting services without a legal written, fully-executed contract with a borrower that comports with the provisions of this article; (b) charging for or acceptin…
N.Y. Financial Services Law § 703 Disclosure requirements
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§ 703. Disclosure requirements. (a) A student debt consultant shall clearly and conspicuously disclose in all advertisements: (1) the actual services the consultant provides to borrowers; (2) that borrowers may apply for consolidation loans from the United States department of e…
N.Y. Financial Services Law § 704 Student debt consulting contracts
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§ 704. Student debt consulting contracts. (a) A student debt consulting contract shall: (1) contain the entire agreement of the parties; (2) be provided in writing to the borrower for review before signing; (3) be printed in at least twelve-point type and written in the same lan…
N.Y. Financial Services Law § 705 Penalties and other provisions
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§ 705. Penalties and other provisions. (a) If the superintendent finds, after notice and hearing, that a consultant has knowingly violated any provision of this article and the violation was material, the superintendent may: (1) make null and void any agreement between the borro…
N.Y. Financial Services Law § 706 Rules and regulations
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§ 706. Rules and regulations. In addition to such powers as may otherwise be prescribed by this chapter, the superintendent is hereby authorized and empowered to promulgate such rules and regulations as may in the judgment of the superintendent be consistent with the purposes of…
N.Y. Financial Services Law § 801 Definitions
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§ 801. Definitions. For the purposes of this article: (a) "Factoring transaction" means an accounts receivable purchase transaction that includes an agreement to purchase, transfer, or sell a legally enforceable claim for payment held by a recipient for goods the recipient has s…
N.Y. Financial Services Law § 802 Exemptions
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§ 802. Exemptions. This article shall not apply to, and shall not place any additional requirements or obligations upon, any of the following: (a) a financial institution; (b) a person acting in its capacity as a technology services provider, such as licensing software and provi…
N.Y. Financial Services Law § 803 Sales-based financing disclosure requirements
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§ 803. Sales-based financing disclosure requirements. A provider subject to this article shall provide the following disclosures to a recipient at the time of extending a specific offer of sales-based financing according to formatting prescribed by the superintendent: (a) The to…
N.Y. Financial Services Law § 804 Closed-end commercial financing disclosure requirements
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§ 804. Closed-end commercial financing disclosure requirements. A provider, subject to this article, shall provide the following disclosures to a recipient at the time of extending a specific offer for closed-end financing according to formatting prescribed by the superintendent…
N.Y. Financial Services Law § 805 Open-end commercial financing disclosure requirements
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§ 805. Open-end commercial financing disclosure requirements. A provider, subject to this article, shall provide the following disclosures to a recipient at the time of extending a specific offer for open-end financing according to formatting prescribed by the superintendent: (a…
N.Y. Financial Services Law § 806 Factoring transaction disclosure requirements
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§ 806. Factoring transaction disclosure requirements. A provider, subject to this article, shall provide the following disclosures to a recipient at the time of extending a specific offer for a factoring transaction according to formatting prescribed by the superintendent: (a) T…
N.Y. Financial Services Law § 807 Other forms of financing disclosure requirements
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§ 807. Other forms of financing disclosure requirements. The superintendent may require disclosure by a provider extending a specific offer of commercial financing which is not open-end financing, closed-end financing, sales-based financing, or factoring transaction but otherwis…
N.Y. Financial Services Law § 808 Disclosure requirements for renewal financing
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§ 808. Disclosure requirements for renewal financing. If, as a condition of obtaining the commercial financing, the provider requires the recipient to pay off the balance of an existing commercial financing from the same provider, the provider must disclose: (a) The amount of th…
N.Y. Financial Services Law § 809 Required signature
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§ 809. Required signature. The provider shall obtain the recipient's signature, which may be fulfilled by an electronic signature, on all disclosures required to be presented to the recipient by this article before authorizing the recipient to proceed further with the commercial…
N.Y. Financial Services Law § 810 Additional information
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§ 810. Additional information. Nothing in this article shall prevent a provider from providing or disclosing additional information on a commercial financing being offered to a recipient, provided however, that such additional information shall not be disclosed as part of the di…
N.Y. Financial Services Law § 811 Rules and regulations
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§ 811. Rules and regulations. The superintendent is hereby authorized and empowered to promulgate such rules and regulations as may in the judgment of the superintendent be consistent with the purposes of this article, or appropriate for the effective administration of this arti…
N.Y. Financial Services Law § 812 Penalties
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§ 812. Penalties. (a) Upon a finding by the superintendent that a provider has violated the provisions of this article or the rules or regulations promulgated hereunder, the provider shall be ordered to pay to the people of this state a civil penalty for each violation of this a…
N.Y. Financial Services Law § 901 Definitions
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§ 901. Definitions. As used in this article: 1. "Higher education" means higher education or career education, as those terms are defined in section two of the education law, via correspondence, online, or in person, regardless of whether the provider of such higher education is…
N.Y. Financial Services Law § 902 Private education debt reporting
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§ 902. Private education debt reporting. 1. Each student loan servicer shall, by the first of April of each year, submit an annual report which complies with any instructions published by the superintendent, in the manner set forth in such instructions, certifying as accurate th…
N.Y. Financial Services Law § 903 Rules and regulations
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§ 903. Rules and regulations. In addition to such powers as may otherwise be prescribed by this chapter, the superintendent is hereby authorized and empowered to promulgate such rules and regulations as may in the judgment of the superintendent be consistent with the purposes of…
N.Y. Financial Services Law § 904 Violations
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§ 904. Violations. 1. If the superintendent finds, after notice and hearing, that a student loan servicer has knowingly violated this article by failing to comply with any reporting requirement or by knowingly furnishing materially inaccurate information to the superintendent, t…
N.Y. Financial Services Law § 905 Severability
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§ 905. Severability. If any provision of this article or the application thereof to any person or circumstance is adjudged invalid by a court of competent jurisdiction, that judgment shall not affect or impair the validity of the other provisions of this article or the applicati…