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NYC Rules of the City of New York

§ 10-09 — Bond.

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What is NYC RCNY § 10-09?

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Any bond filed with the Department pursuant to these Regulations shall be delivered to the Hearing Officer for safekeeping until such time as its terms have been fulfilled or violated, as the case may be, or as otherwise directed by the Commissioner. In the event that the terms of the bond have been violated, such bond

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§ 10-09 Bond.

RCNY § 10-09

Any bond filed with the Department pursuant to these Regulations shall be delivered to the Hearing Officer for safekeeping until such time as its terms have been fulfilled or violated, as the case may be, or as otherwise directed by the Commissioner. In the event that the terms of the bond have been violated, such bond shall be forfeited and the proceeds thereof shall be paid into the general fund of the City.

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