* § 747. Authority of superintendent. 1. The superintendent is
authorized to promulgate such general rules and regulations as may be
appropriate to implement the provisions of this article, protect
consumers, and ensure the solvency and financial integrity of
buy-now-pay-later lenders. The superintendent is further authorized to
make such specific rulings, demands, and findings as may be necessary
for the proper conduct of the business authorized and licensed under and
for the enforcement of this article, in addition hereto and not
inconsistent herewith.

2. In addition to such powers as may otherwise be prescribed by law,
the superintendent is hereby authorized and empowered to promulgate such
rules and regulations as may in the judgment of the superintendent be
consistent with the purposes of this article, or appropriate for the
effective administration of this article, including, but not limited to:

(a) such rules and regulations in connection with the activities of
buy-now-pay-later lenders as may be necessary and appropriate for the
protection of borrowers in this state;

(b) such rules and regulations as may be necessary and appropriate to
define deceptive or unfair practices in connection with the activities
of buy-now-pay-later lenders;

(c) such rules and regulations as may define the terms used in this
article and as may be necessary and appropriate to interpret and
implement the provisions of this article; and

(d) such rules and regulations as may be necessary for the enforcement
of this article.

3. When promulgating rules and regulations under this article, the
superintendent shall consider the applicability of other articles of
this chapter to buy-now-pay-later lenders and buy-now-pay-later loans
for the purpose of avoiding conflicting requirements.

* NB Effective upon the one hundred eightieth day after the
promulgation of rules and/or regulations by the department of financial
services to effectuate certain provisions (see Ch. 58 of 2025, Part Y, §
13)