N.Y. Comp. Codes R. & Regs. tit. 3 § 402.18

Current through Register Vol. 46, No. 50, December 11, 2024

Section 402.18 - Change of location

A licensee seeking to change the location of one of its offices must give written notice to the superintendent at least 30 days prior to such change. The notice shall:

(a) state the reason(s) for the change;

(b) provide a projection of any increased expenses which may be incurred; and

(c) state the extent, if any, to which the licensee intends to increase fees to its debtors as a result of the change in location.

If the superintendent determines that there is no reasonable objection to such change of location, the superintendent shall attach a rider to the license setting forth the change in location.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 402.18