N.Y. Comp. Codes R. & Regs. tit. 3, § 402.22 – Licensee's return of unused debtor funds. | Midpage
§ 402.22
N.Y. Comp. Codes R. & Regs. tit. 3, § 402.22
Licensee's return of unused debtor funds.
Banking
The licensee must demonstrate a “good faith effort” to locate and refund any monies to the debtor that, for whatever reason, cannot be sent to a creditor.