Legislation

Search OpenLegislation Statutes

This entry was published on 2023-04-07
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 6-P
Loan counseling for mortgages guaranteed by the Servicemen's Readjustment Act of 1944
Banking (BNK) CHAPTER 2, ARTICLE 1
§ 6-p. Loan counseling for mortgages guaranteed by the Servicemen's
Readjustment Act of 1944. Every mortgage lending institution and
mortgage banker which originates loans secured by real property used for
residential purposes located in this state which are to be guaranteed
under the Servicemen's Readjustment Act of 1944 shall provide a separate
disclosure form with each application stating that a veteran seeking a
housing loan under chapter 37 of title 38 of the United States Code has
been offered loan counseling services. Such loan counseling services
shall be provided by the department of veterans' services under section
twenty-nine-a of the veterans' services law upon request of an
applicant. The disclosure form required by this section shall be signed
by each applicant and shall include information detailing how to access
such counseling services.