3 CRR-NY 410.5NY-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 410. MORTGAGE BANKERS: LICENSING REQUIREMENTS; MORTGAGE BROKERS: REGISTRATION REQUIREMENTS; BRANCH APPLICATIONS: NOTIFICATIONS: BOOKS AND RECORDS; ANNUAL REPORTS; SURETY BONDS; AND CONSULTANTS OF LICENSED MORTGAGE BANKERS AND REGISTERED MORTGAGE BROKERS
3 CRR-NY 410.5
3 CRR-NY 410.5
410.5 Branch application; investigation fees.
(a) A mortgage broker or mortgage banker may apply to open and maintain one or more branches. A branch may be applied for by application containing the information and documents set forth in a form which may be obtained from the department, at the address set forth in section 1.1 of Supervisory Policy G 1 of this Title. If an application is requested in writing, the address should indicate the following: Attn: Mortgage Banking Division.
(1) An application for a branch filed by a mortgage banker shall be accompanied by payment of the fee specified in section 1.2 of Supervisory Policy G 1 of this Title.
(2) An application for a branch filed by a mortgage broker shall be accompanied by payment of the fee specified in section 1.2 of Supervisory Policy G 1 of this Title.
(b) In the event the superintendent does not reject the application for a branch within 30 days of publication of the receipt of a completed application, the mortgage broker or mortgage banker may open the branch.
3 CRR-NY 410.5
Current through March 31, 2022
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