3 CRR-NY 33.4NY-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 33. VARIABLE RATE CLOSED-END PERSONAL LOANS
3 CRR-NY 33.4
3 CRR-NY 33.4
33.4 Generally accepted actuarial methods.
The term generally accepted actuarial method, as such term is used in section 1 and following of chapter 296 of the Laws of 1983, means any generally accepted actuarial method (e.g., the United States Rule method), but does not include any method which results or may result in the addition of unpaid interest amounts to the outstanding principal balance of the loan.
3 CRR-NY 33.4
Current through January 31, 2023
End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.