N.Y. Banking Law § 743: Licensee's books and records; reports

* § 743. Licensee's books and records; reports. 1. A buy-now-pay-later

lender shall keep and use in its business such books, accounts and

records as will enable the superintendent to determine whether such

buy-now-pay-later lender is complying with the provisions of this

article and with the rules and regulations promulgated by the

superintendent thereunder. Every buy-now-pay-later lender shall preserve

such books, accounts and records for at least six years after making the

final entry in respect to any buy-now-pay-later loan recorded therein;

provided, however, the preservation of photographic or digital

reproductions thereof or records in photographic or digital form shall

constitute compliance with this requirement.

2. By a date to be set by the superintendent, each licensee shall

annually file a report with the superintendent giving such information

as the superintendent may require concerning the licensee's business and

operations during the preceding calendar year within the state under the

authority of this article. 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. In addition to such annual

reports, the superintendent may require of licensees such additional

regular or special reports as the superintendent 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.

* NB Effective upon the one hundred eightieth day after the

promulgation of rules and/or regulations by the department of financial

services to effectuate certain provisions (see Ch. 58 of 2025, Part Y, §

13)