New York Notification of Loan Counseling Services Available for Veterans
New York recently passed State Assembly Bill 9493 (AB-9493), containing amendments to New York’s banking law, executive law, and veterans’ services law. Included in the bill is the addition of a new section to the New York Banking Law titled 6-p. The new section creates a disclosure requirement for mortgage lending institutions and mortgage bankers that originate residential loans guaranteed under the Servicemen’s Readjustment Act of 1944.
