N.Y. Comp. Codes R. & Regs. tit. 3 § 410.13

Current through Register Vol. 46, No. 25, June 18, 2024

Section 410.13 - Miscellaneous provisions

(a) Reliance on written communication of department. For the purposes of the deposit agreement, the mortgage banker, mortgage broker and the depository shall accept and may rely upon, as an order of the superintendent, any written communication with the seal of the department affixed thereto, and signed:

(1) by the superintendent;

(2) by a deputy superintendent of banks; or

(3) by any two employees jointly of the department whom the superintendent may specifically designate in writing, to the depository, the mortgage banker or mortgage broker (whichever is the addressee of such communication).

(b) Release from compliance with terms or conditions of deposit agreement. The superintendent may by order relieve the mortgage banker, mortgage broker or the depository from compliance with any term or condition of the deposit agreement, including any term or condition prescribed by this Part, if the superintendent shall find such action necessary or proper to give effect to the purposes of sections 591(4) and 591-a(3) of the Banking Law or of this Part.

(c) Written communication to the superintendent. Written communication to the superintendent regarding this Part should be addressed to New York State Banking Department, Two Rector Street, New York, NY 10006; Attention: Mortgage Banking Division.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 410.13