New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 84 - Certain Mortgage Loans
Section 84.5 - Appraisals
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 84.5
Current through Register Vol. 46, No. 12, March 20, 2024
Mortgage loans may be made by a bank, trust company, savings bank or savings and loan association upon a written and signed certificate by one person appointed by its board of directors or board of trustees which states that the real property described in the mortgage has been examined and which appraises the value of such property.
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