N.Y. Comp. Codes R. & Regs. tit. 3 § 420.16
As provided for in section 599-l of the Banking Law, the superintendent is required to report to the NMLS at least annually all violations of article 12-E, as well as enforcement actions and other relevant information requested by the NMLS, subject to the provisions contained in the confidentiality provisions of section 599-q of the Banking Law.
MLOs may challenge in writing all information entered into the NMLS by the superintendent. The superintendent shall modify any such information if he or she in his or her sole discretion shall determine such information is incorrect.
Originating entities employing or having as independent contractors one or more MLOs shall, when required by the NMLS, submit such reports of condition as may be required by the NMLS.
Each MLO shall submit to the NMLS a report of condition in the format and within the time frame prescribed by the NMLS. An originating entity may file such report in aggregate form, if permitted by the NMLS, provided that such report contains information for all MLOs who originated loans for such entity during the reporting period.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 420.16