3 CRR-NY 418.5NY-CRR
3 CRR-NY 418.5
3 CRR-NY 418.5
418.5 Branch application and fees.
(a) An MLS 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 an application form prescribed by the superintendent. Instructions for submission of applications are available on the department’s website as set forth in section 1.1 of Supervisory Policy G 1 of this Title and may be obtained from the department as set forth above. If an application is requested in writing, the address should indicate the following: Attn: Mortgage Banking Division.
(b) An application for branch office filed by an MLS shall be accompanied by payment of the fee, if any, specified in section 18-a of the Banking Law.
(c) In the event the superintendent does not reject or deny the application for a branch within 60 days of publication in the Weekly Bulletin of the department of the receipt of a completed application, the MLS may open the branch.
3 CRR-NY 418.5
Current through March 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.