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A.1240: Disclosure In Lending Act  

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Bill Text

"Lancman: New York Can Help Subprime Mortgage Borrowers," Newsday

Summary
Enacts the "disclosure in lending act"; provides greater disclosure to borrowers; requires a depiction, chart or table be given to borrowers of certain information; requires the banking department to establish a website dedicated to the risk of sub-prime mortgages; grants enforcement actions.

 
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