N.Y. Banking Law § 349: Licensee's books and records; reports

§ 349. Licensee's books and records; reports. The licensee shall keep

and use in its business such books, accounts, and records as will enable

the superintendent to determine whether such licensee is complying with

the provisions of this article and with the rules and regulations

lawfully made by the superintendent hereunder. Every licensee shall

preserve such books, accounts, and records, including cards used in the

card system, if any, for at least two years after making the final entry

on any loan recorded therein. Preservation of photographic reproduction

thereof or records in photographic form, including an optical disk

storage system and the use of electronic data processing equipment that

provides comparable records to those otherwise required and which are

available for examination upon request shall constitute compliance with

the requirements of this section.

Each licensee shall annually on or before the first day of April file

a report with the superintendent giving such information as the

superintendent may require concerning the business and operations during

the preceding calendar year of each licensed place of business conducted

by such licensee within the state under authority of this article. Such

report shall be subscribed and affirmed as true by the licensee under

the penalties of perjury and shall be in the form prescribed by the

superintendent who shall make and publish annually a consolidated

statement of condition showing the combined assets and liabilities of

all licensed lenders. Such consolidated statement of condition shall be

based upon the information contained in such reports. In addition to

annual reports, the superintendent may require such additional regular

or special reports as may be deemed necessary to the proper supervision

of licensees under this article. Such additional reports shall be in the

form prescribed by the superintendent and shall be subscribed and

affirmed as true under the penalties of perjury.