N.Y. Comp. Codes R. & Regs. tit. 3 § 33.4
Current through Register Vol. 46, No. 51, December 18, 2024
The term generally accepted actuarial method, as such term is used in section 1 and following of chapter 296 of the Laws of 1983, means any generally accepted actuarial method (e.g., the United States Rule method), but does not include any method which results or may result in the addition of unpaid interest amounts to the outstanding principal balance of the loan.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 33.4