A junior mortgage loan of $250,000 or Real property less (combined with improved by a N.Y. COMP. CODES all outstanding Prior to accepting an Initial Disclosure Junior Lien Disclosure 5283 family R. & REGS. tit. 3, §§ No No balances), including a application. & (2013) revolving credit line, residence in an amount of $2,500 or more Real estate N.Y. BANKING LAW Subprime or improved by a On 343, 396, A high-cost home §§ & (McKinney Home Loan unit family Closing 501, 16198, loan or a subprime On the mortgage 2013); N.Y. COMP. No No Legend on NY dwelling used as 16245 home loan CODES R. & REGS. Mortgages the borrower’s tit. 3, § (2013) principal dwelling Residential real property, N.Y. BANKING LAW Fixed Rate Note New A junior mortgage consisting of real On 1066 On the note § (McKinney No No Closing York Second loan property 2013) improved by a family Real property containing a Grantor provides at NY Smoke Alarm A conveyance (i.e. a family dwelling N.Y. EXEC. LAW § Closing 1419 the time of No No Affidavit purchase loan) or condo unit (McKinney 2013) conveyance used as a residence NY Consolidation, A refinance mortgage N.Y. Tax Law §§ Extension and (sometimes a Closing 1583 Real property At closing (McKinney 2013); No No Modification purchase money , B8-2-02 Agreement mortgage)
Initial Disclosure Junior Lien Disclosure 5283 A junior mortgage loan of $250,000 or less (combined with all outstanding balances), including a revolving credit line, in an amount of $2,500 or more Real property improved by a family residence Prior to accepting an application. N.Y. COMP. CODES R. & REGS. tit. 3, §§ & (2013) No No Closing Subprime or Home Loan Legend on NY Mortgages On 343, 396, 501, 16198, 16245 A high-cost home loan or a subprime home loan Real estate improved by a unit family dwelling used as the borrower’s principal dwelling On the mortgage N.Y. BANKING LAW §§ & (McKinney 2013); N.Y. COMP. CODES R. & REGS. tit. 3, § (2013) No No Closing Fixed Rate Note New York Second On 1066 A junior mortgage loan Residential real property, consisting of real property improved by a family On the note N.Y. BANKING LAW § (McKinney 2013) No No Closing NY Smoke Alarm Affidavit 1419 A conveyance (i.e. a purchase loan) Real property containing a family dwelling or condo unit used as a residence Grantor provides at the time of conveyance N.Y. EXEC. LAW § (McKinney 2013) No No Closing NY Consolidation, Extension and Modification Agreement 1583 A refinance mortgage (sometimes a purchase money mortgage) Real property At closing N.Y. Tax Law §§ (McKinney 2013); , B8-2-02 No No
Initial-Disclosure-Signature-Matrix.docx