How will the new law be governed and monitored?


The protocol and format of how lenders will issue, maintain and comply with the new law and the manner by which lenders will be monitored, will be prescribed by The New York Department of Financial Services (DFS). At the time of writing this article, the DFS has yet to issue guidance or provide instruction on Format and Compliance.


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New York Joins California in Passing Disclosure Law.


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New York MCA Final Disclosure Laws

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