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New York Codes Rules Regulations (Last Updated: March 27,2024) |
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TITLE 3. Banking |
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Chapter I. General Regulations of the Superintendent |
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Part 83. Shared Appreciation Mortgage Modification |
| 3 CRR-NY I 83 Notes |
| Sec. 83.1. Scope and application of this Part |
| Sec. 83.2. Definitions |
| Sec. 83.3. Eligibility requirements for shared appreciation mortgage modification |
| Sec. 83.4. Calculation of unpaid principal balance and principal reduction |
| Sec. 83.5. Sharing of appreciation |
| Sec. 83.6. Calculation of holder’s share of appreciation in value |
| Sec. 83.7. Disclosures |
| Sec. 83.8. Statement on shared appreciation agreement |
| Sec. 83.9. Loss mitigation notification |
| Sec. 83.10. Fees, charges and interest rate |
| Sec. 83.11. Prohibitions |