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What is NYC FC § 114.7.1?

Quick Answer

This section specifies that every certificate or its renewal granted by the commissioner is valid for a maximum of two years, expiring at the end of that period unless renewed by the commissioner. Applies to entities requiring certification from the commissioner.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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114.7.1 Term of certificate.

FC § 114.7.1

Every certificate or renewal thereof granted by the commissioner shall be for a period as specified therein, not to exceed 2 years, and shall expire at the end of such period unless the commissioner approves its renewal.

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