New York Banking Law Article 11-B - SALES FINANCE COMPANIES

• 491 - Definitions.
  In this article, unless the context or subject matter otherwise requires: 1. "Goods" means all chattels personal, but not including money and things in action....
• 492 - License.
  1. No person, except a bank, savings bank, savings and loan association, trust company, private banker, credit union, investment company organized under article twelve of...
• 492-a - Changes in Control.
  1. It shall be unlawful except with the prior approval of the superintendent for any action to be taken which results in a change of...
• 493 - Action by Superintendent on Application.
  1. Upon the filing of an application for a sales finance company's license, and the payment of the fees for license and investigation, the superintendent...
• 494 - License Form; Posting; Limitations.
  1. Each license issued under this article shall state the address at which the licensed business is to be conducted and shall state fully the...
• 495 - Revocation, Suspension or Surrender of Licenses.
  1. The superintendent may suspend or revoke any license issued under this article, if he shall find that: (a) the licensee, knowingly or without the...
• 496 - Judicial Review.
  The refusal, suspension or revocation of a license by the superintendent shall be subject to review in the manner provided by article seventy-eight of the...
• 497 - Investigations and Examinations.
  1. The superintendent shall have the power to make such investigations as he shall deem necessary to determine whether any licensee or any other person...
• 498 - Complaints.
  1. Any buyer having reason to believe that this article, or any other law regulating retail instalment sales, contracts, obligations or credit agreements, has been...
• 498-b - Regulations and Rulings.
  The superintendent of financial services is hereby authorized and empowered to make such general rules and regulations, and such specific rulings, demands and findings as...
• 499 - Violations and Penalties.
  Any person who violates or participates in the violation of any provision of this article, or who knowingly makes any incorrect statement of a material...
• 501 - Repeal of Inconsistent Acts.
  All acts and parts of acts inconsistent with this article are hereby repealed to the extent of such inconsistency.
• 502 - Severability.
  If any provision of this article or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect the remainder...

Last modified: February 3, 2019