N.Y. BNK Law § 720
This is the official text of N.Y. BNK Law § 720, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
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Servicing student loans without a license
Official statutory text
§ 720. Servicing student loans without a license. 1. Whenever, in the\nopinion of the superintendent, a person is engaged in the business of\nservicing student loans, either actually or through subterfuge, without\na license from the superintendent, the superintendent may order that\nperson to desist and refrain from engaging in the business of servicing\nstudent loans in the state. If, within thirty days after an order is\nserved, a request for a hearing is filed in writing and the hearing is\nnot held within sixty days of the filing, the order shall be rescinded.\n 2. This section does not apply to exempt organizations.\n
Status: in_force · Read it on the official government site
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