New York S00767 mandates the creation and dissemination of a pamphlet for residential mortgage applicants.
New York S00767 requires the superintendent to develop a pamphlet titled "What Mortgage Applicants Need to Know" and post it on the department's website. The pamphlet must be available in the six most common non-English languages spoken by individuals with limited-English proficiency in New York. Mortgage bankers and banking organizations must provide a copy of this pamphlet to each person applying for a loan secured by a mortgage on residential real estate.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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