N.Y. BNK Law § 6-E
This is the official text of N.Y. BNK Law § 6-E, 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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Graduated payment mortgages authorized
Official statutory text
§ 6-e. Graduated payment mortgages authorized. Notwithstanding any\ninconsistent provision of this chapter or other law and in addition to\nany other power exercisable by it, every banking organization, licensed\nmortgage banker, national banking association, federal savings bank,\nfederal savings and loan association and federal credit union shall have\nthe power to offer graduated payment mortgages and loans which conform\nto the provisions of section two hundred seventy-nine of the real\nproperty law, subject to the rules and regulations prescribed by the\nsuperintendent of financial services.\n
Status: in_force · Read it on the official government site
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