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N.Y. PVH Law § 454

This is the official text of N.Y. PVH Law § 454, part of New York’s PVH Law — part of the compiled statutory law of New York, published by the state as "PVH Law." Browse the sections below, each linked to its official government source.

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Servicing of municipal loans by banking institutions

Official statutory text

§ 454. Servicing of municipal loans by banking institutions. The\nmunicipality is authorized to make provision, either in the loan\nagreement or by separate agreement, for the performance by one or more\nbanking institutions of such services as are generally performed by any\nsuch bank itself owning and holding such a loan and as may be approved\nby the superintendent of financial services, for which services a bank\nmay make and collect such service charges as the superintendent shall\nprescribe or approve.\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.