Laws of New York (Last Updated: November 21, 2014) |
BNK Banking |
Article 1. SHORT TITLE; DEFINITIONS; MISCELLANEOUS PROVISIONS. |
Section 6-I. Mortgage loans
Latest version.
-
No person, partnership, corporation, banking organization, exempt organization as defined in section five hundred ninety of this chapter or other entity shall make a mortgage loan as defined in section five hundred ninety of this chapter except in conformity with the requirements of article twelve-D and in compliance with such rules and regulations as may be promulgated by the banking board or prescribed by the superintendent under this section. Nothing in this section shall be construed to limit or otherwise modify any otherwise applicable requirement of state or federal law.