ยง 599-a. Legislative purpose. The legislature deems it necessary, in
order to enhance consumer protection, reduce fraud and ensure the public
welfare, that mortgage loan originators who originate mortgage loans on
residential real property be subject to regulation by the superintendent
and that such regulation be consistent with Title V of The Housing and
Economic Recovery Act of 2008, also known as the S.A.F.E. Mortgage
Licensing Act, as it may be amended from time to time, and regulations
thereunder or interpretations thereof, that may be adopted from time to
time by the Secretary of the U.S. Department of Housing and Urban
Development.
Structure New York Laws
Article 12-E - Licensed Mortgage Loan Originators
599-D - State License Application.
599-E - Issuance of a License.
599-F - Pre-Licensing Educational Requirements.
599-G - Testing of Mortgage Loan Originators.
599-H - Mortgage Call Reports.
599-I - Standards for License Renewal; Inactive Status.
599-J - Continuing Education for Mortgage Loan Originators.
599-L - Reports by the Superintendent; Permissive Challenges by Licensees.
599-M - Required Records and Reporting.