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N.Y. Private Housing Finance Law § 665

Assistance by department of housing preservation and development

2014-09-22

§ 665. Assistance by department of housing preservation and\ndevelopment. The commissioner of housing preservation and development\nand the department of housing preservation and development are hereby\ndesignated to act for and in behalf of the corporation in servicing\nmortgage loans of the corporation, and shall perform such functions and\nservices in connection with the making, servicing and collection of such\nloans as shall be requested by the corporation. The corporation shall\npay to the department of housing preservation and development from any\nmoneys of the corporation available for such purposes such amounts as\nare necessary to reimburse the department of housing preservation and\ndevelopment for the reasonable cost of the services performed by the\ncommissioner of housing preservation and development and by the\ndepartment of housing preservation and development pursuant to this\nsection.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.