ยง 129-a. Requirement of written notification; alternative payment
schedules. In the event that any bank or trust company shall permit a
customer to establish an alternative payment schedule for an existing
loan, the bank or trust company shall provide written notification that
accepting such alternative payment schedule may have a negative impact
on such customer's credit score or rating. Such notification shall be
provided at the time a loan application is made, at the time a loan is
granted and at the time a customer requests that an alternative payment
schedule be established for a loan, but prior to the actual
establishment of an alternative payment schedule.
Structure New York Laws
Article 3 - Banks and Trust Companies
94 - Change From Bank to Trust Company; From Trust Company to Bank.
96-A - Servicing of Mortgages by Banks.
96-B - Payroll Payment by Banks or Trust Companies.
96-C - Power to Act as Trustee Under Self-Employed Retirement Trust or Individual Retirement Trust.
96-D - Banking Development Districts.
97 - Power to Purchase Securities and Stocks.
98 - Power to Take and Hold Real Estate; Restrictions.
100-A - Fiduciary Capacities; Appointment by Court Authorized; Bond; Oath; Accounting.
100-B - Investments as Fiduciary; When Interest Is to Be Paid; Preference.
100-D - Foreign Common Trust Funds.
101 - Additional Powers of Certain Trust Companies.
102 - Powers of Specially Chartered Trust Companies.
102-A - Limited Liability Trust Companies.
104 - Entries in Books; Restrictions; Amortization of Securities.
105 - Branch Offices; Prohibition Against Doing Business at Unauthorized Places.
105-A - Electronic Facilities.
107 - Reserves Against Deposits.
107-A - Security for Public Deposits.
108 - Rates of Interest; Installment Obligations; Personal Loan Departments.
108-A - Acceptance of United States Currency.
109 - Closing of Books; Profits; How to Be Computed.
110 - Surplus Fund; of What Composed, and for What Purposes Used.
111 - Profits; Credits to Surplus Fund and to Undivided Profits.
112 - Dividends; Payable From Net Profits; Restrictions.
113 - Change of Location; Change of Designation of Principal Office.
114 - Assessment of Stockholders to Make Good Impairment of Capital Stock; Sale of Stock.
122 - Examinations of Banks and Trust Companies by Directors; Employment of Assistants.
123 - Reports of Directors' Examinations.
125 - Reports to Superintendent; Penalty for Failure to Make.
128 - Preservation of Books and Records.
129 - Requirement of Notice on Withdrawal of Certain Time Deposits; Notice to Superintendent.
129-A - Requirement of Written Notification; Alternative Payment Schedules.
130 - Restrictions on Officers, Directors and Employees.
131 - Prohibitions Against Encroachments Upon Certain Powers of Banks and Trust Companies.
132 - Use of Sign, or Words, Indicating Bank or Trust Company by Unauthorized Persons Prohibited.
133 - Use of Banking Institution Name.
136 - Change of National Banking Association Into State Bank by Conversion or Merger.
136-A - Purchase of Assets of National Banking Association by Bank or Trust Company.
136-B - Approval of Superintendent.
136-C - Effect of Merger or Conversion of National Banking Association Into State Bank.
137 - Change of State Bank Into National Banking Association by Conversion, Merger or Consolidation.
138 - Foreign Branches; Performance of Contracts and Repayment of Deposits.