21 CRR-NY 350.1NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 21. MISCELLANEOUS
CHAPTER VIII. NEW YORK JOB DEVELOPMENT AUTHORITY
PART 350. GENERAL PROVISIONS
21 CRR-NY 350.1
21 CRR-NY 350.1
350.1 Agreements for contingent payments prohibited.
Any agreement, whether written or oral, express or implied, for the payment of any money, compensation or thing of value as a fee for professional or other services rendered, as a brokerage commission, or as a “finder's” fee, or as any other kind of payment, which is dependent upon or contingent upon the approval of, or the making of, a loan by the authority, is hereby prohibited. At or prior to the closing of every loan the authority shall require proof of the absence of any violation of this rule.
21 CRR-NY 350.1
Current through October 15, 2021
End of Document