N.Y. Comp. Codes R. & Regs. tit. 3, § 84.4 – Maximum mortgage loan for certain mortgagees. | Midpage
§ 84.4
N.Y. Comp. Codes R. & Regs. tit. 3, § 84.4
Maximum mortgage loan for certain mortgagees.
Banking
No bank or trust company shall make a mortgage loan in an amount in excess of 15 per centum of the capital stock, surplus fund and undivided profits of such bank or trust company.