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Shared Appreciation Mortgage Modification | Midpage
Collections
New York Codes, Rules and Regulations
Title 3
Chapter I
Part 83
Shared Appreciation Mortgage Modification
Banking
83.1
Scope and application of this Part.
83.2
Definitions.
83.3
Eligibility requirements for shared appreciation mortgage modification.
83.4
Calculation of unpaid principal balance and principal reduction.
83.5
Sharing of appreciation.
83.6
Calculation of holder’s share of appreciation in value.
83.7
Disclosures.
83.8
Statement on shared appreciation agreement.
83.9
Loss mitigation notification.
83.10
Fees, charges and interest rate.
83.11
Prohibitions.