You would check with the state regulatory agency for the proof that they are licensed via whatever state the home is located in.

So being sticky will help people keep up with changes if the regulatory changes get posted in this thread.

There is always a lot of concern surrounding new regulatory agencies, but I've only seen big changes in residential and consumer debt, so here's the question:What all have you seen/heard/been told in regards to changes controlling the recovery of commercial assets?

Furthermore you are going to have regulatory issues when you sell with owner financing.

The good thing is that you didn't do this "deal" for a client, because you would possibly have another set of (regulatory) eyes on this.

They have been in business since 1978 and have never had any regulatory issues like some of the other big ones. 

Liability & Licensing – Confirm in the written agreement that the independent contractor has liability insurance and is fully licensed by the state and any other relevant regulatory agencies.Dispute Resolution – You may choose to include a clause requiring disputes to be settled via mediation.

Let them know your next move is to file a formal complaint with the regulatory agency, unless they handle it for you without issue.then follow through if they don't, and tell everyone you know not to do business with them.

At least to this regulator.. I

The regulatory landscape in NY is pretty tough — have you considered MD or VA?