New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 41 - Restrictions And Limitations On High Cost Home Loans
Section 41.7 - Legend
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 41.7
Current through Register Vol. 46, No. 12, March 20, 2024
High cost home loan mortgages shall include a legend on top of the mortgage in 12-point type stating that the mortgage is a high cost home loan subject to this Part and section 6-l of the Banking Law. If the mortgage document form is prescribed by a government-sponsored entity, such legend shall be placed on a separate document and attached to the front of the mortgage document.
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