New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter III - SUPERINTENDENT'S REGULATIONS
Subchapter B - NON-BANKING ORGANIZATIONS
Part 402 - Budget Planners
Section 402.22 - Licensee's return of unused debtor funds
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 402.22
Current through Register Vol. 46, No. 12, March 20, 2024
The licensee must demonstrate a "good faith effort" to locate and refund any monies to the debtor that, for whatever reason, cannot be sent to a creditor.
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