N.Y. Comp. Codes R. & Regs. tit. 3 § 33.5
Current through Register Vol. 46, No. 53, December 31, 2024
The notification referred to in section 33.2(f) of this Part shall be delivered or mailed by the lending institution to the person who is primarily liable on the loan, no less than 25 days nor more than 60 days prior to the effective date of a rate increase or change in payment terms. The notice should indicate the new rate and, if applicable, the new payment amount.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 33.5