PRIVATE LENDERS. This loan will be placed with a private lender that is neither an exempt organization nor licensed pursuant to Article 12-D of the Banking Law. Therefore, certain consumer protections and lender disclosures required by New York law and regulations do not apply to the loan. A balloon mortgage placed with a private lender need not have a term of at least three (3) years.
Appears in 2 contracts
Samples: Disclosure and Fee Agreement, Disclosure and Fee Agreement
PRIVATE LENDERS. This loan will be placed with a private lender that is neither an exempt organization nor licensed pursuant to Article 12-D of the Banking Law. Therefore, certain consumer protections and lender disclosures required by New York law and regulations do not apply to the loan. A balloon mortgage placed with a private lender need not have a term of at least three (3) years.
Appears in 1 contract
PRIVATE LENDERS. This loan will be placed with a private lender that is neither an exempt organization nor licensed pursuant to Article 12-D of the Banking Law. Therefore, certain consumer protections and lender disclosures required by New York law Law and regulations Regulations do not apply to the loan. A balloon mortgage placed with a private lender need not have a term of at least three (3) years.
Appears in 1 contract
Samples: Disclosure and Fee Agreement
