New York A11293 mandates covered lenders to report specific details on loans exceeding $25,000 to the Department of Financial Services.

New York A11293 requires covered lenders to report certain information on loans exceeding $25,000 to the Department of Financial Services. The superintendent of financial services must collect and maintain this data and publish an annual report with aggregated information on covered loans. The report must include distributions categorized by personal, family, or household purposes and commercial financing. The superintendent can promulgate rules and regulations to implement these provisions, including reporting forms, filing procedures, and electronic submission requirements.

New York A11293 mandates covered lenders to report specific details on loans exceeding $25,000 to the Department of Financial Services.

New York A11293 requires covered lenders to report certain information on loans exceeding $25,000 to the Department of Financial Services. The superintendent of financial services must collect and maintain this data and publish an annual report with aggregated information on covered loans. The report must include distributions categorized by personal, family, or household purposes and commercial financing. The superintendent can promulgate rules and regulations to implement these provisions, including reporting forms, filing procedures, and electronic submission requirements.