New York § 2429-E Examination

New York Statutes

§ 2429-E — Examination

New York § 2429-E

JurisdictionNew York

Law PBAPublic Authorities

Title 17State of New York Mortgage Agency Act

Part 2No title

Art. 8Miscellaneous Authorities

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Bluebook

N.Y. Public Authorities § 2429-E (2026).

Text

  § 2429-e. Examination. At least once in each calendar year the agency\nshall be examined by the superintendent of financial services for the\npurposes of determining the agency's net worth and the soundness of its\nmanagement and operating policies. The agency shall not, however, be\ndeemed to be a banking organization. The agency shall pay the cost of\neach such examination. Copies of each examination report, including the\nfindings, conclusions and recommendations of the examiners, shall be\nfurnished to the agency. The agency shall furnish a complete copy of\neach report, including the findings, conclusions and recommendations of\nthe examiners, to the comptroller.\n

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§ 2429-e. Examination. At least once in each calendar year the agency\nshall be examined by the superintendent of financial services for the\npurposes of determining the agency's net worth and the soundness of its\nmanagement and operating policies. The agency shall not, however, be\ndeemed to be a banking organization. The agency shall pay the cost of\neach such examination. Copies of each examination report, including the\nfindings, conclusions and recommendations of the examiners, shall be\nfurnished to the agency. The agency shall furnish a complete copy of\neach report, including the findings, conclusions and recommendations of\nthe examiners, to the comptroller.\n