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Center For Responsible Lending - A Resource For Predatory Lending Opponents

Legislation & Policy

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State News: New York

Legislation

  • An Act to amend the banking law, in relation to high-cost home loans
    Law number: Chapter 626 of 2002
    Enacted: 04/01/03

  • Local Law 36 of 2002
    Law number: 2002-67A of 2002
    Overturned/Preempted

  • Restrictions and Limits on High Cost Loans
    Law number: New York Codes, Rules and Regulations Section 41
    Enacted: 10/01/00

Recent Headlines

10/28/08 Minorities Hit Hard in Mortgage Crunch
New York Daily News
10/23/08 N.Y. Official Presses for Loan Mod Acceleration
American Banker
10/13/08 Foreclosure S.O.S.
New York Newsday
10/08/08 States Call for Adoption of Mortgage-Loan Help
Wall Street Journal

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Congress

The 2007 Defense Authorization Bill includes an amendment mandating a 36% rate cap on loans to service members. More >

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