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Requirements For Full License Surrender - Budget Planners

  1. A letter on company letterhead, signed by a control party of the licensee, containing the following information:

    1. A statement that the company/headquarters license (if any) and all branch licenses (if any) are being surrendered.
    2. A statement concerning the disposition of the New York State clients pursuant to the license.
    3. The physical location where the books and records of the entire company will be maintained pursuant to the requirements of the relevant laws and regulations.
    4. The name, title, address and telephone number of the individual responsible for safekeeping of the aforementioned books and records and for responding to consumer complaints and Department of Financial Services inquiries.
  2. All original licenses and riders issued by the Department of Financial Services. Copies are not acceptable. If a license is lost or misplaced, an executed and notarized Lost License Affidavit must be submitted.
  3. A resolution of the governing board approving the surrender.
  4. Mail the aforementioned documents to:
    NYS Department of Financial Services
    Licensed Financial Services - Supervision
    One State Street
    New York, NY 10004-1511

Requirements For Branch License Surrender - Budget Planners

  1. A letter on company letterhead, signed by a control party of the licensee, containing the following information:
    1. A statement that the identified branch license is being surrendered.
    2. A statement concerning the disposition of the branch's New York State clients pursuant to the license.
    3. The physical location where the books and records of the surrendered branch will be maintained pursuant to the requirements of the relevant laws and regulations.
  2. The original branch license and any related riders issued by the Department of Financial Services. Copies are not acceptable. If a license is lost or misplaced, an executed and notarized Lost License Affidavit must be submitted.
  3. A resolution of the governing board approving the surrender.
  4. Mail the aforementioned documents to:
    NYS Department of Financial Services
    Licensed Financial Services - Supervision
    One State Street
    New York, NY 10004-1511

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