2 CRR-NY 15.4NY-CRR
2 CRR-NY 15.4
2 CRR-NY 15.4
15.4 Collateral loan broker's notice to pledgor—six months after date of pledge.
Each and every collateral loan broker is required to mail the following notice of election of intended sale. In the City of New York, the notice by a pledgor that a pledge be retained for one year shall be in the following form:
NOTICE TO PLEDGOR—SIX MONTHS AFTER DATE OF PLEDGE
TELEPHONE __
COLLATERAL LOAN BROKER'S NAME
ADDRESS
DATE __
Pledgor's Name and Address
You are hereby notified that six (6) months have expired since the date of your Loan No. __ for $__.
Unless you sign and return the request attached (enclosed) informing us of your desire to have the pledge retained for the period of one (1) year from its original date and remit with this request payment of all interest due for the first six months of the loan, this pledge will be sold at public auction after ______.
You are required by law to obtain a post office receipt when you return the attached (enclosed) form.
COLLATERAL LOAN BROKER'S NAME
PLEDGOR'S REQUEST THAT HIS PLEDGE BE HELD FOR ONE YEAR
(New York City Only)
DATE __
PLEDGE NO. __
To: Collateral Loan Broker's Name
Address
You are hereby requested to hold my pledge for the period of one (1) year from the Date of Pledge. Enclosed is a certified check or money order in the amount of $__ in payment of all interest due for the first six months of the loan.
Pledgor's Name __
Pledgor's Address __
COLLATERAL LOAN BROKER AND PLEDGOR
PLEASE NOTE: YOU ARE REQUIRED BY LAW TO OBTAIN A POST
OFFICE RECEIPT WHEN MAILING THIS NOTICE.
2 CRR-NY 15.4
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.