State Codes and Statutes

Statutes > New-york > Bnk > Article-1 > 6-d

§ 6-d.  Requirement  to state in writing reason for denial of mortgage  loan.  Every banking organization and  licensed  mortgage  banker  which  originates  mortgage  loans  secured by real property located within New  York state which denies an application for such  a  loan  or  makes  its  approval  of  such  a loan conditional upon the applicant's agreement to  terms substantially different than those included in or contemplated  by  the  submitted  application shall be required to notify, in writing, any  person or agent who returns a substantially completed  written  mortgage  loan  application  form  of  the  reasons  for the denial or conditioned  approval.

State Codes and Statutes

Statutes > New-york > Bnk > Article-1 > 6-d

§ 6-d.  Requirement  to state in writing reason for denial of mortgage  loan.  Every banking organization and  licensed  mortgage  banker  which  originates  mortgage  loans  secured by real property located within New  York state which denies an application for such  a  loan  or  makes  its  approval  of  such  a loan conditional upon the applicant's agreement to  terms substantially different than those included in or contemplated  by  the  submitted  application shall be required to notify, in writing, any  person or agent who returns a substantially completed  written  mortgage  loan  application  form  of  the  reasons  for the denial or conditioned  approval.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Bnk > Article-1 > 6-d

§ 6-d.  Requirement  to state in writing reason for denial of mortgage  loan.  Every banking organization and  licensed  mortgage  banker  which  originates  mortgage  loans  secured by real property located within New  York state which denies an application for such  a  loan  or  makes  its  approval  of  such  a loan conditional upon the applicant's agreement to  terms substantially different than those included in or contemplated  by  the  submitted  application shall be required to notify, in writing, any  person or agent who returns a substantially completed  written  mortgage  loan  application  form  of  the  reasons  for the denial or conditioned  approval.