N.Y. Comp. Codes R. & Regs. tit. 8 § 2004.7
An institution or lender against which a final adverse decision has been issued under this Part may at any time request reinstatement of its eligibility (or portion thereof) and may submit to the president such material as it wishes, or as the president requests, to demonstrate that the basis for such decision has been remedied and is unlikely to recur. The president shall respond to such request within 30 days and, if he denies the request, shall provide reasons for such denial. An institution or lender whose request has been denied shall be given an opportunity to show cause why such request should not be denied. However, the president need not consider a request to remove a limitation or termination or grant an opportunity to show cause if such a request is submitted within six months of a previous denial. The reinstatement of an institution or lender which has been terminated may be subject to reasonable and appropriate conditions or limitations relating to the grounds for such termination.
N.Y. Comp. Codes R. & Regs. Tit. 8 § 2004.7