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NY A02124
Bill
Status
1/23/2023
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 suspension or revocation.
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Adds a new paragraph (i) to Banking Law Section 595-a establishing violation of Article 15 of the Executive Law as an additional violation subject to penalties for mortgage bankers and mortgage brokers.
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Changes the conjunction in Section 595-a from "and" to "and" in paragraphs (g)-(i) to properly connect multiple violation categories.
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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
1/3/2024