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#105138 - 08/11/03 03:21 PM Making Mortgage or Home Equity Loans in NY State
Anonymous
Unregistered

I am with a federal savings bank based in NJ. Some of our employees live in Rockland and Orange Counties in NY. If we want to originate mortgage or home equity loans for our employees only, what NY laws or NY regulations, if any, do we need to be aware of? I saw a post from earlier this year that indicates that the lender is responsible for a 1/4% recording tax. Any help you can give would be greatly appreciated. Thank you.

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#105139 - 08/25/03 04:50 PM Re: Making Mortgage or Home Equity Loans in NY State
Anonymous
Unregistered

If you would like to provide me with your email address I can provide a New York State Banking Department document which details all of the various State rules, regulations and laws that apply to the origination of mortgages and loans......

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#105140 - 10/31/03 06:06 PM Re: Making Mortgage or Home Equity Loans in NY State
Anonymous
Unregistered

Could I get a copy of this document emailed to me at jbyrne@encorecredit.com? Thank you...Joe

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#105141 - 10/31/03 06:17 PM Re: Making Mortgage or Home Equity Loans in NY State
PatrickG Offline
100 Club
PatrickG
Joined: Jun 2001
Posts: 165
Binghamton, NY, USA
Many of the mortgage rules and regualtions are available on the NYS Banking Department website http://www.banking.state.ny.us/mbreg.htm

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#105142 - 11/20/03 06:18 PM Re: Making Mortgage or Home Equity Loans in NY State
Anonymous
Unregistered

Would you please e-mail me the same document?
retaillend@newmilbank.com
Thank you

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#105143 - 06/02/04 01:16 PM Re: Making Mortgage or Home Equity Loans in NY State
Valarie Favaro Offline
New Poster
Valarie Favaro
Joined: Feb 2004
Posts: 4
Saranac Lake, NY
If it is not too late (as the original posting was in 2003!) would you please email me a copy of this document. We recently changed charters and I can use all the help I can get!

vfavaro@adirondackbank.com
_________________________

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#105144 - 06/22/04 09:13 PM Re: Making Mortgage or Home Equity Loans in NY State
atyler Offline
New Poster
Joined: Jun 2004
Posts: 1
May I please have a copy of the New York State Banking rules regarding Home Equity Line of Credit disclosures?

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#105145 - 06/23/04 01:40 PM Re: Making Mortgage or Home Equity Loans in NY State
PatrickG Offline
100 Club
PatrickG
Joined: Jun 2001
Posts: 165
Binghamton, NY, USA
If you go to the NYS Banking Department website, most of the real estate lending regulations are listed. Part 38 outlines the basic mortgage loan regulations, Part 80 has the basic HELOC regulations (Parts of Part 38 also apply to HELOC's). Here's the link: http://www.banking.state.ny.us/mbreg.htm

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