N.Y. Comp. Codes R. & Regs. tit. 9 § 1760.6

Current through Register Vol. 46, No. 45, November 2, 2024

Section 1760.6 - Standards for loan documents

In reviewing the loan documents, the division may consider various factors, including but not limited to the fact that they:

(a) provide sufficient notice to the parties to the transaction and their successors and assigns that the housing company is supervised by the division and subject to the private housing finance law and regulations;

(b) do not conflict with any provision of the private housing finance law or regulations;

(c) are not unfair or unduly burdensome to the housing company;

(d) clearly reflect any modifications of the division's supervisory role;

(e) do not affect the division's authority to supervise the housing company except to the extent consented to by the division.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 1760.6