N.Y. Comp. Codes R. & Regs. tit. 3 § 83.8
Current through Register Vol. 46, No. 51, December 18, 2024
Each shared appreciation agreement executed pursuant to the provisions of section 6-f of the Banking Law must contain a conspicuous legend at the top of the agreement printed in at least 14-point type, consisting of substantially the following language: "IN THIS AGREEMENT, YOU ARE GIVING AWAY SOME OF ANY FUTURE APPRECIATION IN THE VALUE OF YOUR HOME. PLEASE READ CAREFULLY."
N.Y. Comp. Codes R. & Regs. Tit. 3 § 83.8