N.Y. Comp. Codes R. & Regs. tit. 3 § 413.1

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

Section 413.1 - Authorization to act as an FHA mortgage loan correspondent

Section 590(5-a) of the Banking Law and this Part constitute the exclusive authority for mortgage brokers registered pursuant to article 12-D of the Banking Law to act as FHA mortgage loan correspondents. Nothing in this Part shall prohibit mortgage bankers licensed pursuant to article 12-D of the Banking Law and exempt organizations from acting as FHA mortgage loan correspondents.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 413.1