N.Y. Banking Law 599-L – Reports by the superintendent; permissive challenges by licensees
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§ 599-l. Reports by the superintendent; permissive challenges by licensees. 1. Notwithstanding any other provisions of law, the superintendent shall report on a regular basis, not more than annually, all violations of this article, as well as enforcement actions and other relevant information, to the NMLSR subject to the provisions contained in the confidentiality provisions of section five hundred ninety-nine-q of this article.
Terms Used In N.Y. Banking Law 599-L
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
2. The superintendent shall establish a process whereby a mortgage loan originator may challenge information entered into the NMLSR by the superintendent.