New York § 239 Linked loans interest rate; limitation on lender's fees

New York Statutes

§ 239 — Linked loans interest rate; limitation on lender's fees

New York § 239

Law STFState Finance

Art. 16Water Pollution Control Linked Deposit Program Act

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Bluebook

N.Y. State Finance § 239 (2026).

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

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§ 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