N.Y. BNK Law § 595-B
This is the official text of N.Y. BNK Law § 595-B, 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.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Regulation of mortgage loan servicers
Official statutory text
§ 595-b. Regulation of mortgage loan servicers. 1. Establishment of\ngrounds to impose a fine or penalty. In addition to such other rules,\nregulations and policies as the superintendent may promulgate to\neffectuate the purposes of this article, the superintendent shall\npromulgate regulations and policies governing the establishment of\ngrounds to impose a fine or penalty with respect to the activities of a\nmortgage loan servicer.\n 2. Servicing practices. In addition to such other rules, regulations\nand policies as the superintendent may promulgate to effectuate the\npurposes of this article, the superintendent may prescribe regulations\nwhich relate to: (a) providing for disclosures to borrowers of the basis\nfor any interest rate resets; (b) requirements for the provision of\npay-off statements; and (c) governing the timing of the crediting of\npayments made by the borrower.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
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.