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N.Y. PVH Law § 70

This is the official text of N.Y. PVH Law § 70, 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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General policy

Official statutory text

§ 70. General policy. It is hereby declared to be the policy of this\narticle to encourage the investment of the savings of the people in low\nrent housing accommodations, to protect such investment against loss and\nto assure a fair return thereon. To this end, every responsible official\nof the state shall, wherever necessary, take all reasonable steps to the\nend that the security and safety of the mortgages referred to in this\narticle shall be safeguarded and to maintain public confidence in the\nstock and obligations of housing companies created under this article.\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.