3 CRR-NY 406.8NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 3. BANKING
CHAPTER III. SUPERINTENDENT'S REGULATIONS
SUBCHAPTER B. NON-BANKING ORGANIZATIONS
PART 406. MONEY TRANSMITTERS
3 CRR-NY 406.8
3 CRR-NY 406.8
406.8 Revocation; possession.
(a) Licenses granted under article XIII-B of the Banking Law may be revoked for the grounds specified in section 642 of the Banking Law after notice and hearing conducted in accordance with the State Administrative Procedure Act and department regulations.
(b) The superintendent may take possession of the business and property of any licensee as provided in article XIII-A of the Banking Law for the reasons stated therein.
3 CRR-NY 406.8
Current through March 31, 2022
End of Document