N.Y. General Business Law § 53: Registration statements

§ 53. Registration statements. After September first, nineteen hundred

sixty, no person, corporation, partnership, firm or association shall

carry on the business of collateral loan broker within the state of New

York unless and until such collateral loan broker shall have caused to

be filed in the office of the state comptroller upon forms prescribed by

him a statement, duly verified as hereinafter provided, to be known as

"Collateral Loan Broker's Registration Statement" containing:

a. The name of such collateral loan broker.

b. The address of the principal office of such collateral loan broker,

if any, wherever situated, and the address or addresses of the principal

office of such collateral loan broker within this state, if any.

c. If such collateral loan broker be a partnership, the names,

residences and business addresses of the partners, including special or

limited partners, and of all other individuals participating as

principals in the profits of such business, specifying as to each the

nature of his relation to such business.

d. If such collateral loan broker be other than an individual or

partnership, the name of the state where incorporated or organized and

the names, residences and business addresses of its principal officers,

wherever located, and all its officers in this state, specifying as to

each the nature of his relation to such business.

e. The date on which such collateral loan broker acquired a license

and the name and location of the local governing body under whose hand

and seal or authority said license was obtained under the provisions of

this article.

f. In the event that after any collateral loan broker shall have filed

a statement as above, any change shall take place in the personnel of

the partners, principals, officers or in the location of the principal,

such collateral loan broker shall file a statement with the state

comptroller to be known as a "Collateral Loan Broker's Supplemental

Registration Statement", duly verified as hereinafter provided, setting

forth in full the details thereof.

g. Each such collateral loan broker statement and each collateral loan

broker supplemental statement shall be verified by the collateral loan

broker, or if such collateral loan broker be a partnership, by a general

partner thereof, or, if such collateral loan broker be other than an

individual or partnership, by a principal officer thereof, and shall

state that the facts therein stated are true to his own knowledge;

providing that in case of a statement or supplemental statement by a

collateral loan broker other than an individual the person verifying the

same may state on information and belief the facts therein included with

respect to any other individual, if such collateral loan broker

statement or supplemental statement shall have attached thereto an

affidavit of such other individual stating that all facts contained in

said collateral loan broker statement or supplemental statement with

respect to him are true.

h. The state comptroller may in his discretion adopt forms for the use

of collateral loan brokers for filing any statement with his department

pursuant to the provisions of this section and furnish such forms to

collateral loan brokers without charge or fee therefor. The state

comptroller shall collect the following fees:

For filing each "Collateral Loan Broker's Registration Statement",

five dollars; for filing each "Collateral Loan Broker's Supplemental

Statement", two dollars and fifty cents.

The fees herein enumerated shall be payable at the time of filing and

no filing shall be deemed effective within the meaning of this section

until such fees have been paid.

i. Whenever a collateral loan broker shall have filed any registration

statement or supplemental registration statement required to be filed

under the provisions of this section or shall have prepared in such

registration statement or supplemental registration statement and have

forwarded the same together with the fees required by subdivision h of

this section, postage prepaid and properly addressed, to the office of

the state comptroller in Albany, such collateral loan broker, as to the

filing of such collateral loan broker's statement or supplemental

registration statement shall be deemed to have complied with the

requirements of this section.