State Codes and Statutes

Statutes > New-york > Bnk > Article-11-b > 497

§ 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 has violated  any  of  the  provisions  of  this  article  or  any other law relating to retail  instalment sales, contracts, obligations or credit  agreements,  and  to  the  extent necessary for this purpose, he may require the attendance of  and examine any person under oath, and shall have the  power  to  compel  the production of all relevant books, records, accounts, and documents.    2.  The  superintendent shall have the power to make such examinations  of the books, records, accounts and documents used in  the  business  of  any  licensee  as  he  shall  deem  necessary  to determine whether such  licensee has violated any of the provisions of this article or any other  law relating to  retail  instalment  sales,  contracts,  obligations  or  credit agreements.    3.  The  expenses  incurred  in  making  any  examination  pursuant to  subdivision two of this  section  four  hundred  ninety-seven  shall  be  assessed  against  and  paid  by  the  licensee so examined, except that  traveling and subsistence expenses so incurred shall be charged  against  and  paid  by  licensees in such proportions as the superintendent shall  deem just and reasonable, and such proportionate charges shall be  added  to  the assessment of the other expenses incurred upon each examination.  Upon written notice by the superintendent of the total  amount  of  such  assessment,  the  licensee  shall  become  liable for and shall pay such  assessment to the superintendent.    4.  All  reports  of  examinations   and   investigations,   and   all  correspondence   and   memoranda  concerning  or  arising  out  of  such  examinations or investigations, including any duly authenticated copy or  copies thereof  in  the  possession  of  any  licensee  or  the  banking  department,  shall  be confidential communications, shall not be subject  to subpoena and shall not be made public unless, in the judgment of  the  superintendent,  the  ends  of  justice and the public advantage will be  subserved by the publication thereof, in which event he may  publish  or  authorize the publication of a copy of any such report or other material  referred  to  in  this  subdivision  four,  or any part thereof, in such  manner, as he may deem proper.

State Codes and Statutes

Statutes > New-york > Bnk > Article-11-b > 497

§ 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 has violated  any  of  the  provisions  of  this  article  or  any other law relating to retail  instalment sales, contracts, obligations or credit  agreements,  and  to  the  extent necessary for this purpose, he may require the attendance of  and examine any person under oath, and shall have the  power  to  compel  the production of all relevant books, records, accounts, and documents.    2.  The  superintendent shall have the power to make such examinations  of the books, records, accounts and documents used in  the  business  of  any  licensee  as  he  shall  deem  necessary  to determine whether such  licensee has violated any of the provisions of this article or any other  law relating to  retail  instalment  sales,  contracts,  obligations  or  credit agreements.    3.  The  expenses  incurred  in  making  any  examination  pursuant to  subdivision two of this  section  four  hundred  ninety-seven  shall  be  assessed  against  and  paid  by  the  licensee so examined, except that  traveling and subsistence expenses so incurred shall be charged  against  and  paid  by  licensees in such proportions as the superintendent shall  deem just and reasonable, and such proportionate charges shall be  added  to  the assessment of the other expenses incurred upon each examination.  Upon written notice by the superintendent of the total  amount  of  such  assessment,  the  licensee  shall  become  liable for and shall pay such  assessment to the superintendent.    4.  All  reports  of  examinations   and   investigations,   and   all  correspondence   and   memoranda  concerning  or  arising  out  of  such  examinations or investigations, including any duly authenticated copy or  copies thereof  in  the  possession  of  any  licensee  or  the  banking  department,  shall  be confidential communications, shall not be subject  to subpoena and shall not be made public unless, in the judgment of  the  superintendent,  the  ends  of  justice and the public advantage will be  subserved by the publication thereof, in which event he may  publish  or  authorize the publication of a copy of any such report or other material  referred  to  in  this  subdivision  four,  or any part thereof, in such  manner, as he may deem proper.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bnk > Article-11-b > 497

§ 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 has violated  any  of  the  provisions  of  this  article  or  any other law relating to retail  instalment sales, contracts, obligations or credit  agreements,  and  to  the  extent necessary for this purpose, he may require the attendance of  and examine any person under oath, and shall have the  power  to  compel  the production of all relevant books, records, accounts, and documents.    2.  The  superintendent shall have the power to make such examinations  of the books, records, accounts and documents used in  the  business  of  any  licensee  as  he  shall  deem  necessary  to determine whether such  licensee has violated any of the provisions of this article or any other  law relating to  retail  instalment  sales,  contracts,  obligations  or  credit agreements.    3.  The  expenses  incurred  in  making  any  examination  pursuant to  subdivision two of this  section  four  hundred  ninety-seven  shall  be  assessed  against  and  paid  by  the  licensee so examined, except that  traveling and subsistence expenses so incurred shall be charged  against  and  paid  by  licensees in such proportions as the superintendent shall  deem just and reasonable, and such proportionate charges shall be  added  to  the assessment of the other expenses incurred upon each examination.  Upon written notice by the superintendent of the total  amount  of  such  assessment,  the  licensee  shall  become  liable for and shall pay such  assessment to the superintendent.    4.  All  reports  of  examinations   and   investigations,   and   all  correspondence   and   memoranda  concerning  or  arising  out  of  such  examinations or investigations, including any duly authenticated copy or  copies thereof  in  the  possession  of  any  licensee  or  the  banking  department,  shall  be confidential communications, shall not be subject  to subpoena and shall not be made public unless, in the judgment of  the  superintendent,  the  ends  of  justice and the public advantage will be  subserved by the publication thereof, in which event he may  publish  or  authorize the publication of a copy of any such report or other material  referred  to  in  this  subdivision  four,  or any part thereof, in such  manner, as he may deem proper.

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