N.Y. Real Property Tax Law § 970: Examination of books of loan corporations

§ 970. Examination of books of loan corporations. 1. Any municipal

corporation issuing conditional tax receipts shall keep a complete

record thereof. Any municipal corporation shall have the right to

examine from time to time the books of any loan corporation to which it

has issued conditional tax receipts and may make regulations not

inconsistent with the provisions of this title for the better

accomplishment of the purpose thereof and for the protection of the

borrowing taxpayer.

2. Upon proof to the municipal corporation of any willful violation of

this title, or of the regulations made pursuant thereto, by any loan

corporation to which it has issued conditional tax receipts, it shall

cease the issuance of conditional tax receipts to such loan corporation.