New York Laws
Article 14-A - Student Loan Servicers
712 - Application for a Student Loan Servicer License; Fees.

(a) an affirmation of financial solvency noting such capitalization
requirements as may be required by the superintendent, and access to
such credit as may be required by the superintendent;
(b) a financial statement prepared by a certified public accountant,
the accuracy of which is sworn to under oath before a notary public by
an officer or other representative of the applicant who is authorized to
execute such documents;
(c) an affirmation that the applicant, or its members, officers,
partners, directors and principals as may be appropriate, are at least
twenty-one years of age;
(d) information as to the character, fitness, financial and business
responsibility, background and experiences of the applicant, or its
members, officers, partners, directors and principals as may be
appropriate;
(e) any additional detail or information required by the
superintendent.
2. An application to become a licensed student loan servicer or any
application with respect to a student loan servicer shall be
accomplished by a fee as prescribed pursuant to section eighteen-a of
this chapter.