N.Y. STF Law § 239
This is the official text of N.Y. STF Law § 239, part of New York’s STF Law — part of the compiled statutory law of New York, published by the state as "STF Law." Browse the sections below, each linked to its official government source.
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Linked loans interest rate; limitation on lender's fees
Official statutory text
§ 239. Linked loans interest rate; limitation on lender's fees. 1.\nLinked loans shall bear interest at the linked loan interest rate.\nLenders shall certify to the corporation that the linked loan interest\nrate is below the interest rate the lender would have charged for the\nloan in the absence of a linked deposit.\n 2. Lenders who make linked loans shall not be entitled to charge any\ndiscount, points, origination fees, handling fees, service charges,\nrefinancing fees or penalties or any charge other than those normally\ncharged and in such amounts normally charged by the lender for loans of\nthe type being made without regard to the program.\n
Status: in_force · Read it on the official government site
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