New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 43 - Subprime Home Loans - Meaning Of Terms
Section 43.1 - Background
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 43.1
Current through Register Vol. 46, No. 12, March 20, 2024
Section 6-m of the Banking Law provides for the regulation of subprime home loans as defined in the statute. Pursuant to the authority provided by section 302(2) of the Financial Services Law and section 14 of the Banking Law, the Superintendent of Financial Services is authorized to prescribe regulations interpreting the provisions of the Banking Law, including section 6-m. This Part is issued pursuant to this authority, and it applies to all subprime home loans as defined in the Banking Law.
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