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NY A10980
Bill
Status
9/9/2020
Primary Sponsor
Kimberly Jean-Pierre
Click for details
AI Summary
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Amends Banking Law Section 595 to include violations of Article 15 of the Executive Law committed by mortgage bankers or mortgage brokers as grounds for disciplinary action by the superintendent of financial services.
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Adds a new paragraph (i) to Banking Law Section 595-a establishing violations of Article 15 of the Executive Law as an additional basis for suspension or revocation of mortgage banker or mortgage broker licenses and registrations.
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Applies only to violations committed in the violator's capacity as a mortgage banker or mortgage broker.
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Takes effect immediately upon enactment.
Legislative Description
Relates to penalties for violations of article fifteen of the executive law committed by mortgage bankers and mortgage brokers; includes such violations as grounds for suspension or revocation of license or registration.
Last Action
referred to banks
9/9/2020