§ 811 — Rules and regulations

New York § 811

• Jurisdiction: New York
• Law FIS: Financial Services Law
• Art. 8: Commercial Financing

Text

§ 811. Rules and regulations. The superintendent is hereby authorized\nand empowered to promulgate such rules and regulations as may in the\njudgment of the superintendent be consistent with the purposes of this\narticle, or appropriate for the effective administration of this\narticle, including, but not limited to:\n (a) Such rules and regulations in connection with the calculation or\ndetermination of any metric required to be disclosed to a recipient.\n (b) Such rules and regulations as necessary to develop and prescribe\ndisclosure formatting to be used by providers that allows for recipients\nto easily compare financing options in a clear and conspicuous manner.\nSuch rules and regulations shall include the designation and method for\ndisclosing the information required in this article, or approving\nadequate forms and methods already used by providers.\n (c) Such rules and regulations as may define the terms used in this\narticle and as may be necessary and appropriate to interpret and\nimplement the provisions of this article.\n (d) Such rules and regulations as may be necessary for the enforcement\nof this article.\n