N.Y. Comp. Codes R. & Regs. tit. 23, § 2.15 – Application to reopen.

(a) Upon written application made by a party, the hearing officer may reopen a hearing and may recommend to the superintendent or the superintendent’s designee such further action as justice may require. Such application shall be determined in accordance with the following:
1. (1) Where the party failed to appear at the hearing, the party, in making the application to reopen, must establish that there were valid reasons for having failed to appear and that there is a meritorious case on behalf of such party.
2. (2) Where the party making such an application appeared at the hearing, the party must establish that there is newly discovered evidence, that despite due diligence by the party was not available at the time of the hearing, or other compelling reason for reopening.
(b) All such applications to reopen an adjudicatory proceeding shall be made within 120 days from the effective date of the superintendent’s or the superintendent’s designee determination in the proceeding.
(c) The right of a party to seek judicial review pursuant to Financial Services Law section 308 and Civil Practice Law and Rules article 78 shall not be restricted, delayed or extended by the provisions of this section.