State Codes and Statutes

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

§ 6-e.  Graduated  payment  mortgages  authorized. Notwithstanding any  inconsistent provision of this chapter or other law and in  addition  to  any  other power exercisable by it, every banking organization, licensed  mortgage banker, national banking  association,  federal  savings  bank,  federal savings and loan association and federal credit union shall have  the  power  to offer graduated payment mortgages and loans which conform  to the provisions of  section  two  hundred  seventy-nine  of  the  real  property  law,  subject  to  the rules and regulations prescribed by the  banking board.

State Codes and Statutes

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

§ 6-e.  Graduated  payment  mortgages  authorized. Notwithstanding any  inconsistent provision of this chapter or other law and in  addition  to  any  other power exercisable by it, every banking organization, licensed  mortgage banker, national banking  association,  federal  savings  bank,  federal savings and loan association and federal credit union shall have  the  power  to offer graduated payment mortgages and loans which conform  to the provisions of  section  two  hundred  seventy-nine  of  the  real  property  law,  subject  to  the rules and regulations prescribed by the  banking board.

State Codes and Statutes

State Codes and Statutes

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

§ 6-e.  Graduated  payment  mortgages  authorized. Notwithstanding any  inconsistent provision of this chapter or other law and in  addition  to  any  other power exercisable by it, every banking organization, licensed  mortgage banker, national banking  association,  federal  savings  bank,  federal savings and loan association and federal credit union shall have  the  power  to offer graduated payment mortgages and loans which conform  to the provisions of  section  two  hundred  seventy-nine  of  the  real  property  law,  subject  to  the rules and regulations prescribed by the  banking board.