New York § 454 Servicing of municipal loans by banking institutions

New York Statutes

§ 454 — Servicing of municipal loans by banking institutions

New York·Law PVH Private Housing Finance·Art. 8-A Small Loans to Owners of Multiple Dwellings to Remove Substandard or Insanitary Conditions

  § 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

Free access — add to your briefcase to read the full text and ask questions with AI

§ 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

New York § 454 (Servicing of municipal loans by banking institutions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.