2 CRR-NY 15.3NY-CRR
2 CRR-NY 15.3
2 CRR-NY 15.3
15.3 Collateral loan broker's report of auction sale.
Each and every collateral loan broker is required by law to file a verified report of auction sale with the local governing body issuing collateral loan broker's licenses, within 30 days after such sale. This report must include the following information:
(a) name and address of collateral loan broker;
(b) date and place where sale was held;
(c) name and address of auctioneer;
(d) schedule of each defaulted pledge offered for sale, together with:
(1) pledge number;
(2) auction lot number;
(3) amount received for each pledge; and
(4) a statement that each of the pledges so listed were delivered over to the auctioneer and actually offered for sale at such auction;
(e) collateral loan broker's “purchase backs”:
(1) a statement setting forth which pledges were purchased back by the collateral loan broker; and
(f) affidavit of publication made by the newspaper in which notice of each such sale was published.
2 CRR-NY 15.3
Current through August 31, 2022
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.