N.Y. Comp. Codes R. & Regs. tit. 3 § 41.11

Current through Register Vol. 46, No. 51, December 18, 2024

Section 41.11 - Single premium insurance; debt cancellation and suspension agreement payments

No lender or affiliate shall finance single premium credit life, accident, health, disability, or loss of income insurance, or any other life or health insurance premiums, in connection with a high cost home loan subject to this Part, or any payments directly or indirectly for any debt cancellation or suspension agreement or contract, except that such insurance premiums or payments calculated and paid on a monthly basis shall not be considered so financed.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 41.11