N.Y. UDG Law § 9
This is the official text of N.Y. UDG Law § 9, part of New York’s UDG Law — part of the compiled statutory law of New York, published by the state as "UDG Law." Browse the sections below, each linked to its official government source.
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Conditions for guarantee
Official statutory text
§ 9. Conditions for guarantee. In order for a loan to be guaranteed\nunder the provisions of this act, the loan to be guaranteed must be\nexecuted by a borrower to whom credit is not reasonably available, and\nin the case of a borrower undertaking a housing project, provide\nfinancing for the acquisition, construction, reconstruction or\nrehabilitation of housing accommodations for persons or families which\ncannot afford safe and sanitary housing accommodations provided by the\nunaided efforts of private enterprise.\n
Status: in_force · Read it on the official government site
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