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N.Y. BNK Law § 486-A

This is the official text of N.Y. BNK Law § 486-A, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.

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Retention of special additional mortgage recording tax exemption for converted federal credit unions

Official statutory text

§ 486-a. Retention of special additional mortgage recording tax\nexemption for converted federal credit unions. Mortgages made by a\ncredit union that is issued an authorization certificate on or after\nJanuary first, two thousand nine pursuant to section four hundred\neighty-six of this article shall be exempt from the special additional\nmortgage tax imposed pursuant to paragraph (a) of subdivision one-a of\nsection two hundred fifty-three of the tax law.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.