§ 718. Rules and Regulations.
195 words·~1 min read·
/ny/banking/student-loan-servicers/718·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 718. Rules and Regulations. 1. 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
judgement 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
student loan servicers 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 unfair, deceptive or abusive acts or practices in connection with
the activities of student loan servicers.
(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.
2. The superintendent is hereby authorized and empowered to make such
specific rulings, demands and findings as the superintendent may deem
necessary for the proper conduct of the student loan servicing industry.