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The New York State Department of Financial Services (DFS) allows Budget Planners to manage license applications and ongoing regulation via the Nationwide Multistate Licensing System and Registry (NMLS).
2023 New York Laws. BNK - Banking. Article 12-C - Budget Planners. Previous Next. 579 - Doing Business Without License Prohibited. 580 - Application for License. 581 - Conditions for Issuance of a License; Procedure Where Application Denied. 582 - License Provisions. 583 - Changes in Officers or Directors of Licensee. 583-A - Changes in Control.
Budget planners help consumers pay off unmanageable unsecured debt. They can contact creditors to help arrange lower fees and interest rates (sometimes with better results than a consumer could normally negotiate) and can create a reasonable debt consolidation and/or repayment plan.
In New York State, budget planners need a license from the NYS Department of Financial Services (DFS). Budget planners make contracts with clients to assist with debt repayment. Businesses or individuals must register as a not-for-profit corporation to receive this license.
Browse Consolidated Laws of New York | Article 12-C - BUDGET PLANNERS for free on Casetext All State & Fed. JX. Sign In Get a Demo Free Trial Free Trial ... Chapter - BANKING. Article 12-C - BUDGET PLANNERS. Article 12-C - BUDGET PLANNERS. Browse as List; Search Within; Section 579 - Doing business without license prohibited; Section 580 ...
26 Οκτ 2024 · Laws. Banking Law. Art. 12-C. Budget Planners. § 580. Banking Law Section 580. Application for license. 1. Application for a license required under this article shall be in writing, under oath, and in the form prescribed by the superintendent, and shall contain the following: (a)
The license requirements for budget planners are found primarily in Article 12-C of the New York Banking Law (BL) and regulations thereunder.