New York S10390 mandates covered lenders to report specific data on loans exceeding $25,000 to the Department of Financial Services.

New York S10390 introduces a requirement for covered lenders to submit detailed information on loans exceeding $25,000 to the Department of Financial Services. This includes data on loan amounts, borrower zip codes, lender identities, and loan purposes. The superintendent of financial services must collect and maintain this data, publishing an annual report with aggregated information. The bill also allows the superintendent to establish additional reporting categories and methodologies.

New York S10390 mandates covered lenders to report specific data on loans exceeding $25,000 to the Department of Financial Services.

New York S10390 introduces a requirement for covered lenders to submit detailed information on loans exceeding $25,000 to the Department of Financial Services. This includes data on loan amounts, borrower zip codes, lender identities, and loan purposes. The superintendent of financial services must collect and maintain this data, publishing an annual report with aggregated information. The bill also allows the superintendent to establish additional reporting categories and methodologies.