New York A04829 amends banking law to include violations of article fifteen of the executive law by mortgage bankers and brokers as grounds for.

New York A04829 amends the banking law to include violations of article fifteen of the executive law committed by mortgage bankers and mortgage brokers as grounds for suspension or revocation of their license or registration. This bill specifically addresses violations such as knowingly making a mortgage loan to an equity purchaser who is not complying with real property law. The changes take effect immediately upon enactment.

New York A04829 amends banking law to include violations of article fifteen of the executive law by mortgage bankers and brokers as grounds for.

New York A04829 amends the banking law to include violations of article fifteen of the executive law committed by mortgage bankers and mortgage brokers as grounds for suspension or revocation of their license or registration. This bill specifically addresses violations such as knowingly making a mortgage loan to an equity purchaser who is not complying with real property law. The changes take effect immediately upon enactment.