NEW YORK STATE
DEPARTMENTof FINANCIAL SERVICES
Andrew M. Cuomo Anthony J. Albanese Governor Acting
Superintendent
July 6, 2015
Andre P. Bohy President Omni Financial of New York, Inc. P.O.
Box 467 New Rochelle, NY 10802-0467
Re: Licensing Under Article IX of the Banking Law
Dear Mr. Bohy:
The Department of Financial Services acknowledges your letter
dated April 7, which states that the Omni Financial office located
at 26000 US Rt. 11, Evans Mills, NY will begin making loans under
the New York Licensed Lender Law. We are writing to confirm that
any and all loans issued from said office will be issued by Omni
Financial of New York, Inc . (License LL 101522), and no longer
through Omni Financial ofNevada, Inc. tl k/a Omni Loan Company,
LTD.
Please be advised that the Department has determined that
henceforth, any person making a loan to a servicemember stationed
in New York, irrespective of the address listed on the
servicemembers' Leave and Earning Statem'ents: (i) in an amount
of(a) $25,000 or less for personal, family, household or investment
purposes, or (b) $50,000 or less for business or commercial loans;
and (ii) charges, contracts for, or receives a rate of interest
greater than 16% 1 is required to be licensed as a licensed lender,
pursuant to Article 9 ofthe Banking Law.
Very truly yours,
Joy Feigenbaum Executive Deputy Superintendent Financial Frauds
& Consumer Protection
1 Banking Law, Sections 340 and 14-a.
(212 ) 709 -3500 [ ON E STATE STREET, N EW YORK, NY 10004-1511 I
WWW DFS .NY .GOV
