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NY A02131
Bill
Status
1/14/2021
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 license or registration suspension or revocation.
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Adds violation of Article 15 of the Executive Law as a new separate violation category in Banking Law section 595-a paragraph (i) subject to penalties.
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Changes the punctuation in Banking Law section 595-a from a period to a semicolon in paragraph (h) and adds "and" to properly incorporate the new paragraph (i).
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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
1/5/2022