A complete New York mortgage broker registration application is filed on March 2, 2026. Within what period must the superintendent approve or deny the complete application?
Correct Answer
A) Approve or deny within 90 days of the filing
The superintendent shall approve or deny every application for registration within ninety days from the filing of a complete application. Other choices: the period is fixed; and it is 90 days rather than 30 or 180. Source: N.Y. Banking Law § 592-a(1)
Why This Is the Correct Answer
The superintendent shall approve or deny every application for registration within ninety days from the filing of a complete application. Other choices: the period is fixed; and it is 90 days rather than 30 or 180. Source: N.Y. Banking Law § 592-a(1)
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