N.Y. General Business Law § 460-f: Surety requirement

§ 460-f. Surety requirement. Every provider shall maintain in full

force and effect for the entire period during which the provider

provides immigrant assistance services and for one year after the

provider ceased to do business as an immigrant assistance service

provider, a bond, contract of indemnity, or irrevocable letter of

credit, payable to the people of the state of New York, in the principal

amount of fifty thousand dollars; provided, however, that every provider

that receives in excess of two hundred fifty thousand dollars in total

fees and other compensation for providing immigrant assistance service

during any twelve-month period shall maintain in full force and effect a

bond, contract of indemnity, or irrevocable letter of credit, payable to

the people of the state of New York, in the principal amount of twenty

percent of such total fees and compensation. Such surety shall be for

the benefit of any customer who does not receive a refund of fees from

the provider to which he or she is entitled, or is otherwise injured by

the provider. The attorney general on behalf of the customer or the

customer in his or her own name, may maintain an action against the

provider and the surety.