Section 460-G. Surety requirement  


Latest version.
  • Every provider shall maintain in full
      force and effect a bond, contract of indemnity, or irrevocable letter of
      credit, payable to the people of the state of New York, in the principal
      amount of fifty thousand dollars; provided, however, that every provider
      that receives in excess of two hundred fifty thousand dollars  in  total
      fees  and  other compensation for providing immigrant assistance service
      during any twelve-month period shall maintain in full force and effect a
      bond, contract of indemnity, or irrevocable letter of credit, payable to
      the people of the state of New York, in the principal amount  of  twenty
      percent  of  such  total fees and compensation. Such surety shall be for
      the benefit of any customer who does not receive a refund of  fees  from
      the  provider to which he or she is entitled, or is otherwise injured by
      the provider. The attorney general on behalf  of  the  customer  or  the
      customer  in  his  or  her  own name, may maintain an action against the
      provider and the surety.