new york state banking department entity search

learn more on our Fingerprinting for DFS page. Entities lawfully registered pursuant to this article on or before September first, nineteen hundred ninety-two shall be deemed licensed pursuant to this section until September first, nineteen hundred ninety-four, provided however that the superintendent may require the submission of any additional documents or materials relating to the business activities of the registrant as he or she may deem necessary or appropriate. Each license issued under this article shall state the address or addresses at which a representative is to be located and shall state fully the name of the licensee. If the BDD application is approved, the successful NYC BDD applicant may be awarded an additional $20 million dollars in subsidized deposits from the City of New York. Our downtown Flushing office provides free parking. This document includes instructions on how to complete the requirements for amending a Mortgage Banker ("Licensee") with the New York State Department of Financial Services (the "Department"). Any other activity which the foreign banking corporation seeks to conduct at such office, shall be subject to the prior written approval of the superintendent by general regulation or upon application in such form as the superintendent may prescribe. Foreign banking corporation. (Statutory authority: Banking Law 221-a) Sec: 9. A foreign banking corporation seeking a license under Banking Law, Article V-B and Supervisory Policy FB2, to establish, maintain or use a representative office in New York State shall submit to the Superintendent an application on Form FB-102, or written notification as appropriate, containing the information and documents required by section 102.3 of this Supervisory Procedure, or written notification as appropriate, accompanied by a check for [please refer to the Department's Application Fee Schedule]. This series consists of archival copies of the publicly accessible website of the New York State Banking Department, which was abolished on October 3, 2011, when its functions and authority were transferred to the newly created New York State Department of Financial Services. Entity Search | Texas Department of Banking A Letter of Clearance(PDF) may be required when a licensee moves from New York to another state and wants to become licensed in that state. 221-j. NYL - 221-i. This is not a blank form to be filled in. Search & Browse corporation business entity - State of New York 102.1 General information The Department of Financial Services supervises many different types of institutions. (4) an English language copy of the applicant's latest annual report; (2)economic ties with Export-Import Bank, International Monetary Fund, World Bank and other similar organizations; (3) foreign trade, including balance of payments with the United States and other countries; and. 1-4, D, E and F.1-5, 7-10. Who We Supervise Institutions That We Supervise. BDD requirements are in addition to any requirements established by the Department of Taxation and Finance and the New York State Comptroller with respect to the deposit of public funds and the New York State Board of Real Property Services with respect to real property tax exemptions that may be available to banks within a banking development district. Such additional reports shall be in the form prescribed by the superintendent and shall be subscribed and affirmed as true under the penalties of perjury. 2.7 Exemption from licensing and prior notice procedure for establishment of office performing limited administrative function. This ban may be removed if approval is given by the Superintendent for the individual to remain or become employed in the insurance industry. 221-a. The New York State Department of Financial Services ("DFS") has been closely monitoring the ever-growing threat posed to information and financial systems by nation-states, terrorist organizations and independent criminal actors. Applications, Forms & Publications. 1.Describe the types of business to be conducted, and, if applicable, the types of business to be solicited at the proposed representative office. Fdic: Pr-18-2023 3/12/2023 Section Search Our Corporation and Business Entity Database. Examples are case sensitive so be sure to use both capital and lower case letters when necessary. (Statutory authority: Banking Law, 14 (1), 26, 200) Sec. (a) the name and principal place of business of such foreign the name and principal place of business of such foreign banking corporation; banking corporation; (b) the place where the proposed representative office will be located; (c) the names of and biographical information, including a description of the educational and business background, for any person (s) who shall act as representative (s) of the corporation; (d) a description of the history and background of the foreign banking corporation, including the following: (e)an organization chart for the foreign banking corporation and its top tier parent, if any, showing all affiliated companies and the place where each company is organized; (g) an analysis of loans, including, but not limited to, information on delinquencies, non-accrual loans, assets acquired in satisfaction of debts previously contracted, and loans with reduced interest charges; (h) n analysis of the extent of country risk exposure of the applicant; (i) a list of the major United States and other correspondent bank relationships of the applicant, a list of United States and other banks which have extended any lines of credit to the applicant and the amount of such lines; (j)a profile of the home country including a description of: (k) a description of the bank regulatory system in the home country of the applicant and, if different, any top tier foreign banking corporation that owns or controls the applicant, addressing in each case: (l) a statement from the home country authorities that: (m) a description of the types of activities to be conducted and, if applicable, the types of business to be solicited at the proposed representative office; (n) a description of the staffing of the office and the manner in which the office will be supervised by the applicant, including number of persons to be employed, their capacities and names and brief biographies of the representative (s) and other key personnel; (o) a certified copy of resolutions of applicant's board of directors either sworn to before a United States Consular Official or, where the applicant's country of origin is a party to the Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents, accompanied by an apostille as provided in Supervisory Procedure G 7 of this Title: (1) authorizing the filing of the application and designating the officer who is to sign the application; (2) designating the person or persons who is/are to be the representative (s) of the applicant or who shall be authorized to appoint such person or persons; (3) authorizing the appointment of the Superintendent as true and lawful attorney for service of process; and. Underserved consumers may reside in urban or rural areas which may have different income levels, demographic characteristics and population densities. The Banking Development District or BDD program is a program designed to encourage the establishment of banking branches in areas across New York State where there is a demonstrated need for banking services, in recognition of the fact that banking institutions can play an important role in promoting individual wealth, community development, and. The New York State Legislature created the BDD program in 1997 by enacting Banking Law 96-d, which became effective January 1, 1998. Use the links below to find applications, licensing information, forms, filing instructions, and many other resources and tools unique to each type of entity we supervise. Section 3 - Documents/Information required. NYL - 221-c. No foreign banking corporation shall be granted a license to establish and maintain a branch, agency or representative office in this State, unless the superintendent shall have found that: (a) In acting on any application to establish and maintain a branch or agency in this state under Banking Law section 26, or a representative office in this state under Banking Law section 221-c, the superintendent shall consider the following factors: (b) In applying the criteria listed in paragraph (a) above to an application by a foreign banking corporation to establish and maintain a representative office, the superintendent may take into account the limited nature of the activities that shall be conducted through such representative office. Also indicate the amounts of provisions or reserves for delinquent or nonaccrual loans. Overview Funding Disclosure Reports Financial Disclosure Reports LEARN MORE Condominium Declaration 114 Broad Ave LLC. Effective November 12, 2021, the Department of Financial Services amended Part 20 of the Official Compilation of Codes, Rules and Regulations (Regulations 9, 18 and 29), mandating the completion of certain courses to renew the insurance license. 2. (4) authorizing the designation of the person to whom process may be forwarded by the Superintendent; (p) a duly executed instrument appointing the Superintendent the applicant's true and lawful attorney for the service or process; (q) a certificate of designation, specifying the name and address of the person to whom process may be forwarded by the Superintendent; (r) an affidavit of the proposed representative (s) describing any legal proceedings against him or her; (s) two duly authenticated copies of applicant's charter and by-laws or the equivalent thereof; (t) an opinion of a member of the Bar of the State of New York stating that the activities of the proposed representative office are in compliance with section 221-a. The Department of Financial Services supervises many different types of institutions. Just $139.99 * View More Details Overview Company Description: Not everything in New York is so nice it needs to happen twice. The New York State Department of Financial Services (DFS) was created in 2011 through the merger of the New York State Department of Insurance and the New York State Banking Department. This exposure includes loans, advances, placements, deposits, off balance sheet items, etc. Report in currencies of exposure and US Dollar equivalents. Conditions precedent to issuing license; procedure where application denied. Other Regulated Entities. The purpose of the law is to encourage the establishment of bank and credit union branches within such a banking development districts to enhance access by consumers to banking services and promote local economic development. Part D. Activities of Representative Office. 10. Certain not-for-profits are required by law to file financial reports with the New York Department of State. It is of critical importance that every New Yorker with an interest have a fair . 8. At the time of making such application, the applicant shall pay to the superintendent as an investigation fee the sum of two hundred fifty dollars. "Control" means directly or indirectly owning, controlling or holding with power to vote 25% or more of any class of voting stock, or the ability in any manner to elect a majority of the directors, of a company. The review was designed to identify the strengths and weaknesses of the program as it is currently operating, and to assist the Department in developing appropriate measures that would build on those strengths and eliminate (to the extent possible) the identified weaknesses. and at least three hours of enhanced flood insurance instruction if the licensee sells flood insurance through the NFIP. No separate license for those regional administrative office functions will be issued, unless the regional administrative office functions are either held out by the foreign banking corporation or determined by the Superintendent to be separate from the other functions taking place on the premises. About the Banking Development District Program | Department of Telephone: (518) 473-2492 Corporation And Business Entity Database: https://apps.dos.ny.gov/publicInquiry/ Department of State: https://dos.ny.gov/form/contact-us Regulatory and Legislative Activities - Department of Financial Services My Banking Direct, a service of Flagstar Bank, N.A. A certified copy of resolutions of applicant's board of directors either sworn to before a United States consular official or accompanied by an apostille as provided in Supervisory Procedure G7 (copy attached hereto as Annex D) of this title: (a) authorizing the filing of the application and designating the officer who is to sign the application; (b) designating the person or persons who is/are to be in charge of the business and affairs of the representative office or who shall be authorized to appoint such person or persons; (c) authorizing the appointment of the Superintendent as true and lawful attorney for service of process; and, (d) authorizing the designation of the person to whom process may be forwarded by the Superintendent. The term "representative" shall mean any person or entity engaging in any activity in this state for or on behalf of a foreign banking corporation, provided that such activity is not otherwise permitted by law. Describe the history and background of the applicant, including the following: Control, for purposes of this section, means any person or entity, or group of persons or entities acting in concert, directly or indirectly, owning, controlling, or holding with power to vote, twenty-five percent or more of any class of voting stock of such foreign banking corporation, or having the ability in any manner to elect a majority of the directors of such foreign banking corporation, or otherwise exercising a controlling influence over the management and policies of such foreign banking corporation as defined by the superintendent by regulation. (b) the character, responsibility and general fitness of the foreign banking corporation, its principal shareholders, its management and the person (s) designated to represent such foreign banking corporation are such as to command confidence and warrant belief that the business of such foreign banking corporation will be honestly and efficiently conducted in accordance with the intent and purpose of the New York Banking Law. All customers will have uninterrupted service. (a) brief history of the applicant; (b) ranking by asset size in the home country; (c) number of offices in the home country; (d) organization structure of the applicant (including shareholders directly or indirectly owning or controlling 10% or more of the capital stock of the applicant, its affiliates and any agencies, branches or representative offices of the applicant in the United States and other countries); (e) management structure, including board of directors and principal officers of the applicant. Preparation of the data and documents to be filed in connection with an application will be facilitated by prior consultation between the applicant and representatives of the Department of Financial Services. 4.List at least fifteen (15) of the major United States and other correspondent bank relationships of the applicant. (b) Any fact or condition exists which, if it had existed at the time of the original application for such license, would have warranted the superintendent in refusing originally to issue such license. The NYS Real Property Law requires any Condominium Declaration to be filed with the NYS Department of State. The DFS maintains a historical listing of New York banking institutions - Banks and Trust Companies, Savings Banks, Savings and Loans, Credit Unions, Investment Companies and Foreign Banking Institutions - that are or were New York State-chartered, as well as most federally chartered institutions that have ever operated in the state of New York. Failure to file a Biennial Statement may prevent a corporation or LLC from completing certain business transactions. An opinion of a member of the bar of the applicant's home country that: (a) applicant's charter authorizes it to conduct the activities permitted to the proposed representative office; and. An opinion of a member of the Bar of the State of New York stating that the activities of the proposed representative office are in compliance with section 221-a (3) of the Banking Law and Supervisory Policy FB2. Such office shall be limited to conducting the following activities: solicitation of loans and in connection therewith, assembly of credit information, making of property inspections and appraisals, securing of title information, preparation of applications for loans including making recommendations with respect to action thereon, solicitation of investors to purchase loans from the bank, the search for such investors to contract with the bank for the servicing of such loans; solicitation of new business and conduct of research. Supervision by DFS may entail chartering, licensing, registration requirements, examination, and more. The "Who We Supervise App" on the DFS Portal can help you find out whether a financial institution is regulated and/or licensed by the Department, and what additional locations or branches the entity may have: Visit our Institution Definitionand Description page for a brief definition of each of the main types of institutions/individualsthat we supervise or licenseand a brief description of the laws under which we regulate them. Definitions. The Superintendent reserves the right to require additional information in connection with the application. 2.6 Prior notice for foreign banking corporations with branch or agency. Enter the Name and/or Type of institution you are searching for: For a list of ALL DFS-supervised institutions, leave both fields blank and hit Search For a list of one type of institution (for example, all Check Cashers we supervise), leave Name field blank, and choose the business type from the drop-down menu, and hit Search. Who We Supervise - DFS Portal - Government of New York Dedicated to Excellence in Texas Banking Since 1905. The term "foreign banking corporation", when used in this article, shall mean any banking institution organized under the laws of any jurisdiction other than the United States, any state of the United States or Puerto Rico. (isy) (isy) 102.3 Information and documents requested 1. NYSDFS - New York State Department Of Financial Services The Department of Financial Services supervises many different types of institutions. Search Our Corporation and Business Entity Database. You can report a problem with a financial institution. Every license issued hereunder shall remain in force and effect until the same shall have been surrendered, revoked or suspended in accordance with the provisions of this article, but the superintendent shall have authority to reinstate a suspended license or to issue a new license to a licensee whose license shall have been revoked if no fact or condition then exists which would have warranted the superintendent in refusing originally to issue such license under this article. Filing of Affidavit of Payment of Capital Stock in the office of the Superintendent (Section 4004). NYL - 221-h. Licensee's books and records; reports. at least one hour of diversity, inclusion, and elimination of bias instruction.
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