N.Y. Banking Law 380-A – Power to purchase mortgage, loan or investment
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§ 380-a. Power to purchase mortgage, loan or investment. Subject to such regulations and restrictions as the superintendent of financial services may prescribe therefor, an association may acquire by purchase any mortgage, loan or invetsment which by the provisions of this article it is authorized to make and hold.
Terms Used In N.Y. Banking Law 380-A
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.