Insufficient funds transactions occur when consumers issue a payment order (a check, some other written order or an electronic debit) against funds in their bank account, and the account lacks sufficient funds to cover the...more
If you are a nonbank finance company that makes commercial loans of $2.5 million or less in New York or represent such a company, this Holland & Knight alert is for you. There has been a growing concern expressed over the...more
3/8/2023
/ Commercial Loans ,
Corporate Financing ,
Disclosure Requirements ,
Final Rules ,
Financial Services Industry ,
Financing ,
New Legislation ,
Nonbank Firms ,
NYDFS ,
Small Business ,
Small Business Loans
New York enacted a new law on Nov. 1, 2021, extending the requirements in the state's analog to the federal Community Reinvestment Act (CRA Requirements) to New York-licensed mortgage bankers, thereby becoming the third state...more