N.Y. BNK Law § 718

§ 718. Rules and Regulations. 1. In addition to such powers as may\notherwise be prescribed by law, the superintendent is hereby authorized\nand empowered to promulgate such rules and regulations as may in the\njudgement of the superintendent be consistent with the purposes of this\narticle, or appropriate for the effective administration of this\narticle, including, but not limited to:\n (a) Such rules and regulations in connection with the activities of\nstudent loan servicers as may be necessary and appropriate for the\nprotection of borrowers in this state.\n (b) Such rules and regulations as may be necessary and appropriate to\ndefine unfair, deceptive or abusive acts or practices in connection with\nthe activities of student loan servicers.\n (c) Such rules and regulations as may define the terms used in this\narticle and as may be necessary and appropriate to interpret and\nimplement the provisions of this article.\n (d) Such rules and regulations as may be necessary for the enforcement\nof this article.\n 2. The superintendent is hereby authorized and empowered to make such\nspecific rulings, demands and findings as the superintendent may deem\nnecessary for the proper conduct of the student loan servicing industry.\n