N.Y. Banking Law § 585: Superintendent authorized to examine

§ 585. Superintendent authorized to examine. For the purpose of

discovering violations of this article or securing information lawfully

required by him or her hereunder, the superintendent may at any time,

and as often as he or she may determine, either personally or by a

person duly designated by him or her, investigate the business and

examine the books, accounts, records, and files used therein of every

licensee hereunder. For that purpose the superintendent and his or her

duly designated representative shall have free access to the offices and

place of business, books, accounts, papers, records, files, safes and

vaults of all such licensees. The superintendent and any person duly

designated by him or her shall have authority to require the attendance

of and to examine under oath all persons whose testimony he or she may

require relative to such business. The expenses incurred in making any

examination pursuant to this section shall be assessed against and paid

by the licensee so examined, except that traveling and subsistence

expenses so incurred shall be charged against and paid by licensees in

such proportions as the superintendent shall deem just and reasonable,

and such proportionate charges shall be added to the assessment of the

other expenses incurred upon each examination. Upon written notice by

the superintendent of the total amount of such assessment, the licensee

shall become liable for and shall pay such assessment to the

superintendent. If, upon review, the superintendent shall determine that

the fees or service charges set by the licensee are unreasonable, he or

she shall direct the licensee to make adjustments in said fees and

service charges in accordance with his or her findings, which shall set

forth a detailed factual basis and reasoning supporting such finding.