N.Y. Banking Law § 586: Licensee's books and records; reports

§ 586. Licensee's books and records; reports. 1. 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, for at least

three years; provided, however, that preservation by photographic

reproduction thereof or records in photographic form shall constitute

compliance with the requirements of this section.

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 such licensee 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. In addition to annual reports, the

superintendent may require, under oath and in the form prescribed by

him, 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.