Section 599-O. Rules, regulations and examinations

1. The superintendent is
  hereby  authorized  and empowered to make such rules and regulations and
  interim procedures for licensing and acceptance of applications  as  may
  in  his  or  her  judgment be necessary or appropriate for the effective
  administration  or  enforcement  of  this   article.   For   individuals
  previously  authorized  to  act  as mortgage loan originators under this
  chapter, the superintendent may establish expedited review and licensing
  procedures.
    2. For the purpose  of  discovering  violations  of  this  article  or
  securing  information  lawfully  required  by  him or her hereunder, the
  superintendent may at any time, and as often as he or she may determine,
  investigate the business and examine the books, accounts,  records,  and
  files  of  every  licensee  under this article and any entity with which
  such individual is associated as an employee or independent  contractor.
  For  that  purpose  the  superintendent  shall  have  free access to the
  offices and places of business, books, accounts, papers, records, files,
  safes and vaults of all such entities.  The  superintendent  shall  have
  authority  to  require  the  attendance of and to examine under oath all
  persons whose testimony he  or  she  may  deem  necessary  or  desirable
  relative   to  such  business.  The  expenses  incurred  in  making  any
  examination pursuant to this section shall be assessed against and  paid
  by  the  licensee  so  examined,  except  that traveling and subsistence
  expenses so incurred shall be charged against and paid by  licensees  in
  such  proportions  as the superintendent shall deem just and reasonable,
  and such proportionate charges shall be added to the assessment  of  the
  other  expenses  incurred  upon each examination. Upon written notice by
  the superintendent of the total amount of such assessment, the  licensee
  shall   become   liable  for  and  shall  pay  such  assessment  to  the
  superintendent.