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Statutes » New York » BNK Law » Article 14-B

N.Y. BNK Law § 742

This is the official text of N.Y. BNK Law § 742, 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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Superintendent authorized to examine

Official statutory text

* § 742. Superintendent authorized to examine. 1. The superintendent\nshall have the power to make such investigations as the superintendent\nshall deem necessary to determine whether any buy-now-pay-later lender\nor any other person has violated any of the provisions of this article\nor any other applicable law, or whether any licensee has conducted\nitself in such manner as would justify the revocation of its license,\nand to the extent necessary therefor, the superintendent may require the\nattendance of and examine any person under oath, and shall have the\npower to compel the production of all relevant books, records, accounts,\nand documents.\n 2. The superintendent shall have the power to make such examinations\nof the books, records, accounts and documents used in the business of\nany licensee as the superintendent shall deem necessary to determine\nwhether any such licensee has violated any of the provisions of this\nchapter or any other applicable law or to secure information lawfully\nrequired by the superintendent.\n * NB Effective upon the one hundred eightieth day after the\npromulgation of rules and/or regulations by the department of financial\nservices to effectuate certain provisions (see Ch. 58 of 2025, Part Y, §\n13)\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.