N.Y. Comp. Codes R. & Regs. tit. 5 § 170.7

Current through Register Vol. 46, No. 45, November 2, 2024

Section 170.7 - Third party verifications

(a) The department may accept from an applicant a third party verification as part of an applicant's final application. Submission of a third party verification shall be voluntary and shall be subject to review and approval by the department pursuant to section 170.6(b) of this Part. The voluntary submission of a third party verification by an approved applicant as part of its final application shall in no way or manner affect the review and approval by the department of a final application submitted by an approved applicant that elects not to submit a third party verification. Such final application shall be subject to review and approval by the department pursuant to section 170.6(b) of this Part.

(b) The Department shall maintain a list of certified public accountants which may be utilized by approved applicants to provide the third party verification services pursuant to paragraph (a) above. The Department may also development procedures and performance standards for such certified public accountants to follow. Any certified public accountants failing to meet the requirements of the Department's procedures and performance standards for certified public accountants may be removed from the list immediately.

N.Y. Comp. Codes R. & Regs. Tit. 5 § 170.7

Amended New York State Register December 28, 2022/Volume XLIV, Issue 52, eff. 12/28/2022