New York A00424 amends banking law to require the superintendent to develop a pamphlet on residential mortgages and notify mortgage bankers and.

New York A00424 amends the banking law to mandate the superintendent to create a pamphlet titled "What Mortgage Applicants Need to Know." This pamphlet must be posted on the department's website and printed in the six most common non-English languages spoken by individuals with limited English proficiency in New York state. The pamphlet will inform applicants of their rights, including comparing and negotiating charges, obtaining credit counseling, and receiving an estimate of all loan and settlement charges.

New York A00424 amends banking law to require the superintendent to develop a pamphlet on residential mortgages and notify mortgage bankers and.

New York A00424 amends the banking law to mandate the superintendent to create a pamphlet titled "What Mortgage Applicants Need to Know." This pamphlet must be posted on the department's website and printed in the six most common non-English languages spoken by individuals with limited English proficiency in New York state. The pamphlet will inform applicants of their rights, including comparing and negotiating charges, obtaining credit counseling, and receiving an estimate of all loan and settlement charges.