New York Laws
Article 28-B - Hospital Mortgage Loan Construction
2881 - Fees and Charges.

§ 2881. Fees and charges. The commissioner may, by regulation,
establish and charge to eligible borrowers, for the period from
occupancy date to mortgage discharge, a fee for inspection, regulation,
supervision and audit not to annually exceed two-tenths of one percent
of the mortgage loan to recover the departmental costs in performing
these functions in relation to any hospital project financed or
refinanced by a loan made under this article prior to April first, two
thousand fourteen. Notwithstanding the foregoing, no such fee shall be
charged or payable pursuant to this section with respect to a hospital
project financed or refinanced with bonds issued on or after April
first, two thousand fourteen.

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