Legislation
SECTION 593-A
Registration provisions
Banking (BNK) CHAPTER 2, ARTICLE 12-D
§ 593-a. Registration provisions. 1. Each certificate issued to a
registered mortgage broker under this article shall state the address or
addresses at which the business is to be conducted and shall state fully
the name of the registrant, and the date and place of its incorporation
if applicable. A copy of such certificate shall be prominently posted in
each place of business of the registrant. Such certificate shall not be
transferable or assignable. In the event the location at which the
business is to be conducted shall be changed, the registrant shall
forthwith notify the superintendent who shall thereupon without charge
attach to the certificate an amendment certificate setting forth such
changed location.
2. In addition to the display of such certificate, each registered
mortgage broker shall prominently display a notice printed in the
English language, each letter to be at least two inches in height,
indicating that the mortgage broker is not empowered to make mortgage
loans, and such other notices as required by the superintendent of
financial services.
registered mortgage broker under this article shall state the address or
addresses at which the business is to be conducted and shall state fully
the name of the registrant, and the date and place of its incorporation
if applicable. A copy of such certificate shall be prominently posted in
each place of business of the registrant. Such certificate shall not be
transferable or assignable. In the event the location at which the
business is to be conducted shall be changed, the registrant shall
forthwith notify the superintendent who shall thereupon without charge
attach to the certificate an amendment certificate setting forth such
changed location.
2. In addition to the display of such certificate, each registered
mortgage broker shall prominently display a notice printed in the
English language, each letter to be at least two inches in height,
indicating that the mortgage broker is not empowered to make mortgage
loans, and such other notices as required by the superintendent of
financial services.