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Home » Store » Taxable » NY Bank Board Alters Part 41

NY Bank Board Alters Part 41

$50.00
Taxable

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The New York State Banking Department has made emergency changes to its high-cost loan regulation. Popularly known as “Part 41” – the part of the banking code it refers to – the high-cost reg. was adopted in 1999 as part of the Banking Department’s efforts to crack down on abusive lending. The amendments, announced last week, were needed in order to make the regulations consistent with a predatory lending
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