• New York is a disclosure jurisdiction.
  • New York does not accept the Uniform Application to Register Securities (Form U1), and does not allow for electronic signatures of forms.
  • Registration requires state-specific forms.

Tier 1 requires filing or delivery of:

  • Investor Protection: M-11 registration form
  • Real Estate Finance: M-11 or applications under Policy Statement (“PS”) 102, PS 104 or General Business Law (“GBL”) §359(f)(2)

Tier 2 requires filing or delivery of:

  • Form 99

Tier 1 and Tier 2 requirements include:

  • Filing fee
  • Financial statements
  • A Consent to Service of Process (Form U2)
  • State Notice and Further State Notice

New York collects a variable fee.

  • M-11 if the offering is less than $500,000, the fee is  $300.    If the total offering amount is $500,000 or more, the fee is $1,200.
  • PS 102 is 2/10 of 15% of total offering price with $750 minimum for a total offering price under $250,000 and $30,000 maximum fee for a total offering price of $15,000,000 or more.
  • PS 104 and GBL §359(f)(2) is $300.
  • Form 99
    • Investor Protection if the offering is less than $500,000, the fee is $300. If the total offering amount is $500,000 or more, the fee is $1,200.
    • Real Estate if offering is less than $500,000, the fee is $1,050.  If the total offering amount is $500,000 or more, the fee is $1,950.
  • Fees should be made payable to “New York State Department of Law.” Payments should be made to the following address depending on the Bureau:
Mailing Address:  Courier Address:
Investor Protection Bureau or
Real Estate Finance Bureau
120 Broadway, 23rd Floor
New York, NY 10271
Investor Protection Bureau or
Real Estate Finance Bureau
120 Broadway, 23rd Floor
New York, NY 10271
  • For additional information, please visit the Attorney General’s website at www.ag.ny.gov or contact 800-777-7755.