However, compared to the damage done to your credit score
by carrying a large debt
burden for a long time, and consistently missing
payments and upping your
interest rate, it's a decent trade in the long run.
Balance transfer credit cards can be a great tool for someone who is
burdened by high -
interest credit card debt and is having difficulty getting ahead on
payments so that the balance is paid off.
107 DOS 98 Matter of DOS v. Sosis - subject matter jurisdiction; due process; failure to appear at hearing; proper business practices; deposits; fraudulent practice; DOS fails its
burden of proof; DOS has subject matter jurisdiction if at the time the disciplinary proceeding was commenced
by proper service of a notice of hearing and complaint the party was (i) licensed to engage in regulated real estate activities, or (ii) an applicant for either a license or for the renewal of a license to engage in regulated real estate activities, or (iii) eligible to automatically renew the prior license under the two - year limitation provision of RPL § 441 (2); ex parte hearing is permissible upon proof of proper notice of hearing; DOS has subject matter jurisdiction where party was licensed at the time proceeding was commenced and, where at time of hearing, although not licensed was eligible to automatically apply to renew pursuant to RPL § 441 (2); licensee operated a real estate brokerage business under an unlicensed name; licensee unlawfully retains deposit funds after deposit monies were delivered on the condition that same were to be disbursed only on the principal's consent and approval and said consent and approval was not given; licensee's illegal exercise of right of ownership over his principal's funds spawns conversion and constitutes a fraudulent practice; DOS fails its
burden of proof to establish licensee failed to deposit trust funds in a segregated escrow account, engaged in fraud and changed business location without notice to DOS; restitution ordered in the amount of $ 1,900 plus
interest, fine of $ 1,000 and any further application for licensure shall not be considered until applicant pays said fine and provides proof of
payment of restitution