A New York examiner in 2026 wants testimony from an employee of the licensee. What power does the superintendent have to obtain the employee sworn testimony?
Correct Answer
C) The superintendent may require attendance and examine under oath
The superintendent and any person duly designated shall have authority to require the attendance of and to examine under oath all persons whose testimony he or she may require relative to such business. Other choices: the power sits with the superintendent; it reaches all persons rather than officers alone; and no consent is required. Source: N.Y. Banking Law § 596
Why This Is the Correct Answer
The superintendent and any person duly designated shall have authority to require the attendance of and to examine under oath all persons whose testimony he or she may require relative to such business. Other choices: the power sits with the superintendent; it reaches all persons rather than officers alone; and no consent is required. Source: N.Y. Banking Law § 596
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