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This entry was published on 2021-02-19
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SECTION 811
Rules and regulations
Financial Services Law (FIS) CHAPTER 18-A, ARTICLE 8
* § 811. Rules and regulations. 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 calculation or
determination of any metric required to be disclosed to a recipient.

(b) Such rules and regulations as necessary to develop and prescribe
disclosure formatting to be used by providers that allows for recipients
to easily compare financing options in a clear and conspicuous manner.
Such rules and regulations shall include the designation and method for
disclosing the information required in this article, or approving
adequate forms and methods already used by providers.

(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.

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

* NB Effective January 1, 2022