New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter I. General Regulations of the Superintendent |
Part 83. Shared Appreciation Mortgage Modification |
Sec. 83.9. Loss mitigation notification
Latest version.
- Every holder that engages in the business of offering modified mortgage loans shall adopt policies and procedures with respect to the notification process employed by such holder as are appropriate to inform mortgagors at risk of foreclosure about the existence of a modified mortgage loan.