N.Y. Banking Law § 565: Licensee's books and records; reports

§ 565. Licensee's books and records; reports. 1. The licensee shall

keep and use in his 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 a card system, if any, for at least six years after making

the final entry in respect to any premium finance agreement recorded

therein; provided, however, the preservation of photographic

reproductions thereof or records in photographic form shall constitute

compliance with this requirement.

2. Each licensee shall annually on or before the first day of February

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 the licensee within the state under the authority of this article.

Upon good cause shown by a licensee, the superintendent may extend the

time for filing such report for a period not in excess of sixty days.

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

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

superintendent who may make and publish annually an analysis and

recapitulation of such reports. In addition to such annual reports, the

superintendent may require of licensees such additional regular or

special reports as he may deem 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.