3 CRR-NY 4.5NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 3. BANKING
CHAPTER I. GENERAL REGULATIONS OF THE SUPERINTENDENT
PART 4. SUPERINTENDENT’S REGULATIONS: MAXIMUM INTEREST RATE ON CERTAIN LOANS
3 CRR-NY 4.5
3 CRR-NY 4.5
4.5 Interest rate applicable to subsequent advances.
Where an agreement with the borrower provides that the lender shall advance funds from time to time, the maximum rate of interest applicable to each advance shall be the maximum rate of interest authorized by law at the time the first advance was made.
3 CRR-NY 4.5
Current through January 31, 2023
End of Document