reglab/housing_qa huggingface dataset:
NY Pub Auth L § 2414 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2414 - Bonds and Notes as Legal Investments for Public Officers and Fiduciaries.

§  2414.  Bonds and notes as legal investments for public officers and   fiduciaries.  The  bonds  and  notes  of  the  agency  are  hereby  made   securities in which all public officers and bodies of this state and all   municipalities  and  municipal subdivisions, all insurance companies and   associations and other persons carrying on an  insurance  business,  all   banks, bankers, trust companies, savings banks and savings associations,   including savings and loan associations, building and loan associations,   investment  companies  and other persons carrying on a banking business,   all   administrators,   guardians,   executors,   trustees   and   other   fiduciaries,  and  all  other  persons  whatsoever  who  are  now or may   hereafter be authorized to invest in bonds or other obligations  of  the   state,  may properly and legally invest funds including capital in their   control or belonging to them. The bonds and notes are also  hereby  made   securities which may be deposited with and may be received by all public   officers  and  bodies of this state and all municipalities and municipal   subdivisions for any purpose for which the deposit  of  bonds  or  other   obligations of this state is now or may hereafter be authorized.
NY Pub Auth L § 2415 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2415 - Moneys of the Agency.

§  2415.  Moneys  of  the  agency.  (1)  All moneys of the agency from whatever source derived, except as otherwise authorized or  provided  in this  title,  shall  be paid to the treasurer of the agency and shall be deposited forthwith in a bank or banks in the state  designated  by  the agency.  The  moneys in such accounts shall be withdrawn on the order of such person or persons as the agency may authorize. All deposits of such moneys shall, if required by the agency, be secured in  such  manner  as the  agency  may  determine.  The comptroller and his legally authorized representatives are authorized  and  empowered  from  time  to  time  to examine  the  accounts  and books of the agency, including its receipts, disbursements, contracts, leases, sinking  funds,  investments  and  any other  records  and  papers  relating to its financial standing. Such an examination shall be conducted by the comptroller at least once in every five years; the comptroller is authorized, however, to accept  from  the agency,  in  lieu of such an examination, an external examination of its books and accounts made at the request of the agency, within thirty days after receipt by the agency, the agency  shall  submit  a  copy  of  the report  of  every  external examination of the books and accounts of the agency with respect to insurance contracts, other  than  copies  of  the reports of such examinations made by the comptroller.  (2) The agency shall have power to contract with holders of any of its bonds or notes, as to the custody, collection, securing, investment, and payment  of  any  moneys  of  the agency, of any moneys held in trust or otherwise for the payment of bonds or  notes,  and  to  carry  out  such contract.  Moneys held in trust or otherwise for the payment of bonds or notes or in any way to secure bonds or notes and deposits of such moneys may be secured in the same manner as moneys of the agency, and all banks and trust companies are  authorized  to  give  such  security  for  such deposits.  (3)  Subject  to  the  provisions  of any contract with bondholders or noteholders and to the approval of the  comptroller,  the  agency  shall prescribe a system of accounts.  (4)  The  agency  shall submit to the governor, chairman of the senate finance committee, chairman of the assembly ways and means committee and the comptroller, within thirty  days  of  the  receipt  thereof  by  the agency,  a copy of the report of every external examination of the books and accounts of the agency other than copies  of  the  reports  of  such examinations made by the comptroller.
NY Pub Auth L § 2416 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2416 - Actions.

§ 2416. Actions. In any case founded upon tort a notice of claim shall   be required as a condition precedent to the commencement of an action or   special  proceeding  against  the  agency  or  any officer, appointee or   employee thereof, and the provisions of section fifty-e of  the  general   municipal law shall govern the giving of such notice.Except  in  an action for wrongful death, no action shall be commenced   (a) prior to the expiration of thirty days from the date  on  which  the   demand,  claim or claims upon which the action is founded were presented   to a director of the agency or other officer thereof designated for such   purpose nor (b) more than one year and ninety days after  the  cause  of   action  therefor  shall  have  accrued. An action against the agency for   wrongful death shall be commenced in accordance with the notice of claim   and time limitation provisions of title eleven of article nine  of  this   chapter.
NY Pub Auth L § 2417 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2417 - Limitation of Liability.

§  2417.  Limitation  of liability. Neither the members of the agency,   nor any person or persons acting in its behalf, while acting within  the   scope  of  their  authority,  shall be subject to any personal liability   resulting from carrying out any of the powers expressly  given  in  this   act.
NY Pub Auth L § 2418 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2418 - Assistance by State Officers, Departments, Boards and Commissions; Transfer of Officers and Employees.

§   2418.  Assistance  by  state  officers,  departments,  boards  and commissions; transfer of officers and employees.  (1) The department of audit and control, department of  law,  and  all other state agencies may render such services to the agency within their respective functions as may be requested by the agency.  (2)  Officers  and  employees of state departments and agencies may be transferred to the agency and officers and employees of the  agency  may be transferred to state departments and agencies without examination and without  loss  of  any  civil service status or rights. No such transfer may, however, be made except with the approval of the head of the  state department  or  division  involved,  the  director of the budget and the chairman of the agency, and in compliance with the rules and regulations of the civil service commission of the state.
NY Pub Auth L § 2419 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2419 - Annual Report.

§  2419.  Annual  report. The agency shall submit to the governor, the   chairman of the senate finance committee, the chairman of  the  assembly   ways and means committee, the comptroller and the director of the budget   within  six  months  after  the  end  of its fiscal year, a complete and   detailed report setting forth: (1) its operations  and  accomplishments;   (2)  its receipts and expenditures during such fiscal year in accordance   with the categories or classifications established by the agency for its   operating and capital  outlay  purposes,  including  a  listing  of  all   private  consultants  engaged  by  the  agency on a contract basis and a   statement of the total amount paid to each such private consultant;  (3)   its  assets  and  liabilities at the end of its fiscal year, including a   schedule of its mortgages and the status of reserve,  special  or  other   funds;  (4)  a schedule of its bonds and notes outstanding at the end of   its fiscal year, together with a statement of the amounts  redeemed  and   incurred during such fiscal year; (5) a schedule of mortgages which have   been  insured  during  such year and mortgages for which there exists an   outstanding  commitment  to  insure  and  the  status  of  the  mortgage   insurance  fund and other funds established by the corporation; and with   respect to the agency's  fiscal  years  ending  after  nineteen  hundred   eighty-five;  (6)  a breakdown by region (as defined in subdivision nine   of section two thousand four hundred twenty-six of this  title)  of  the   average  income  of  recipients of SONYMA mortgage loans for such fiscal   year, stated separately for SONYMA's tax exempt and blended program  and   SONYMA's  taxable  program;  (7)  a  breakdown  by  region of the income   distribution of recipients of SONYMA  mortgage  loans  for  such  fiscal   year,  stated separately for SONYMA's tax exempt and blended program and   SONYMA's taxable program; and (8) a breakdown by region of  the  average   purchase  price  of  structures  acquired with SONYMA mortgage loans for   such fiscal year, stated separately for SONYMA's tax exempt and  blended   program  and  SONYMA's  taxable  program.  With  respect to the schedule   mentioned in item five hereof, such schedule shall be  submitted  within   ninety  days  after the end of its fiscal year and shall be submitted to   the temporary president of the senate and speaker  of  the  assembly  in   addition to the aforementioned officers.
NY Pub Auth L § 2419-A (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2419-A - Additional Reports.

§  2419-a.  Additional  reports. 1. Within six months after the end of   its fiscal year the agency shall submit to the  governor,  the  majority   leader  of  the senate, the speaker of the assembly, the comptroller and   the director of the budget a complete and detailed report setting  forth   data establishing compliance with the provisions of subdivision three of   section  twenty-four hundred five of this article by the agency and each   bank which participated in the agency's purchase of mortgages  from  the   proceeds  of the sale of each issue by the agency of its bonds and notes   made on and after the effective date of this section.2. The agency  shall  provide  to  the  commissioner  of  housing  and   community   renewal,  on  a  timely  basis,  with  the  data  and  other   information necessary to compile the report or reports required pursuant   to section twenty of the public housing law.
NY Pub Auth L § 2420 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2420 - Court Proceedings; Preferences; Venue.

§   2420.   Court  proceedings;  preferences;  venue.  Any  action  or   proceeding to which the agency or the people of the state  of  New  York   may  be parties, in which any question arises as to the validity of this   act, shall be preferred over all  other  civil  causes  except  election   causes  in  all  courts  of the state of New York and shall be heard and   determined in preference to all other  civil  business  pending  therein   except  election  causes,  irrespective of position on the calendar. The   same preference shall be granted upon  application  of  counsel  to  the   agency  in  any  action  or  proceeding questioning the validity of this   title in which he may be allowed to intervene. The  venue  of  any  such   action  or proceeding shall be laid in the county in which the principal   office of the agency is located.
NY Pub Auth L § 2420-A (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2420-A - Validity.

§  2420-a.  Validity.  Bonds,  insurance  commitments or contracts and   development corporation credit support may contain a recital  that  they   are  issued  or  executed, respectively, pursuant to this section, which   recital shall be conclusive evidence of  their  validity,  respectively,   and the regularity of the proceedings related thereto.
NY Pub Auth L § 2421 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2421 - Inconsistent Provisions of Other Laws Superseded.

§  2421.  Inconsistent provisions of other laws superseded. Insofar as   the provisions of this title are inconsistent with the provisions of any   other law, general, special or local, the provisions of this title shall   be controlling. It is the intent of the legislature that the  provisions   of  this  title  relating  to mortgage commitments and laws be construed   liberally so as  to  effectuate  the  public  and  governmental  purpose   thereof.
NY Pub Auth L § 2422 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2422 - Construction.

§  2422.  Construction. This title, being necessary for the welfare of   the state and its inhabitants, shall be liberally  construed  so  as  to   effectuate its purposes.
NY Pub Auth L § 2423 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 1 2423 - Separability.

§  2423.  Separability. If any clause, sentence, paragraph, section or   part of  this  title  shall  be  adjudged  by  any  court  of  competent   jurisdiction  to  be  invalid, such judgment shall not affect, impair or   invalidate the remainder thereof, but shall be confined in its operation   to the clause, sentence, paragraph, section  or  part  thereof  directly   involved  in  the  controversy  in  which  such judgment shall have been   rendered.
NY Pub Auth L § 2428-A (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 2 2428-A - Development Corporation Credit Support Account as Source of Development Corporation Credit Support.

§  2428-a. Development corporation credit support account as source of   development corporation credit support. 1.  The  agency  is  authorized,   subject  to  the  provisions  of  this title, to provide the development   corporation credit support account as a source or  potential  source  of   payment  of  development  corporation  credit  support.  The  agency may   provide the development corporation credit support account as  a  source   or  potential  source  of  payment of all or any development corporation   credit support upon the terms (which  shall  include  a  requirement  to   repay  to  the  mortgage  insurance  fund any amounts transferred to the   corporation or the convention center development  fund)  and  under  the   conditions  it  shall  set forth in the applicable contracts between the   agency and such other parties (including the corporation) as the  agency   shall  deem  appropriate  with  respect  to  the  applicable reserve and   financial support funds  which  are  to  receive  the  benefit  of  such   development  corporation  credit  support.  The agency may not execute a   contract to provide development corporation credit support  if,  at  the   time  such  contract  is  executed,  such  execution  would  impair  any   then-existing credit rating of the single family pool insurance  account   or the project pool insurance account.2. For purposes of determining the mortgage insurance fund requirement   with  respect to the development corporation credit support account, the   board of directors of the agency, by a vote of a majority of all of  its   members, shall approve or authorize the applicable contracts which shall   establish  the  amount  of  the  required  or permitted deposits in each   reserve and financial support fund (which may be determined by reference   to percentages of such required or  permitted  amounts)  for  which  the   development corporation credit support account is or will be a source or   potential source of development corporation credit support. Such amounts   (or percentages) may be different for each reserve and financial support   fund.3. For purposes of section twenty-four hundred eleven of this title, a   development  corporation  credit  support  agreement shall be deemed and   regarded as a mortgage insurance contract for the benefit of parties  to   such agreement.
NY Pub Auth L § 2429 (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 2 2429 - Rentals.

§  2429. Rentals. Notwithstanding the provisions of, or any regulation   promulgated pursuant to, the emergency housing  rent  control  law,  the   local  emergency  housing rent control act or local law enacted pursuant   thereto, all dwelling units in a multiple dwelling the rehabilitation or   construction of which  commenced  after  July  first,  nineteen  hundred   seventy-eight  and  which  is  financed by a loan insured by the agency,   except for dwelling units occupied by reason of ownership of stock in  a   cooperative,  shall be subject to the rent stabilization law of nineteen   hundred sixty-nine or the emergency tenant protection  act  of  nineteen   seventy-four, if applicable in the geographic area in which the multiple   dwelling  is  located,  beginning  immediately  after  initial  rents as   established under applicable provisions of the rent stabilization law of   nineteen hundred sixty-nine, the  emergency  tenant  protection  act  of   nineteen  seventy-four  or  the  private  housing  finance  law for such   dwelling units become effective on the basis of such  rehabilitation  or   construction,  provided  that  any  occupant in possession of a dwelling   unit that first  becomes  subject  to  the  rent  stabilization  law  of   nineteen  hundred  sixty-nine  or the emergency tenant protection act of   nineteen seventy-four pursuant  to  this  section  shall  be  offered  a   two-year   lease   notwithstanding   any   contrary  provisions  of,  or   regulations adopted pursuant to, such law or act, at  the  initial  rent   established for such dwelling unit.
NY Pub Auth L § 2429-A (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 2 2429-A - Payment of Insurance and Development Corporation Credit Support.

§  2429-a.  Payment  of  insurance  and development corporation credit   support. 1. The agency shall establish procedures to be  followed  by  a   mortgagee  in  the  event  of  a default under the terms of any mortgage   insured by the agency. The agency may require that prior to submitting a   claim to the agency for payment of insurance the  mortgagee  shall  take   such  actions  with  respect  to  the  property  securing  the defaulted   mortgage as may be specified by the agency to be  satisfactory  evidence   of a continuing default, including but not limited to the following: (i)   becoming  lawfully  the  mortgagee in possession thereof; (ii) causing a   receiver to be appointed of such  property;  (iii)  obtaining  voluntary   conveyance  of the mortgagor's right and title to such property; or (iv)   obtaining by foreclosure clear and unencumbered title to such  property,   all  in such manner as the agency may require. Following submission of a   valid claim the agency shall pay an amount which shall  not  exceed  the   lesser  of  (1)  the  then  outstanding  insured principal amount of the   mortgage multiplied by the per centum of such outstanding amount insured   by the agency and a per centum of the mortgagee's cost arising from  the   default,  inclusive  of public liens and delinquent and unpaid interest,   all as the agency may from time to time allow, which  per  centum  shall   not  exceed  the  per  centum  of the outstanding principal indebtedness   insured by the agency or (2) the insured amount of the mortgage  at  the   date  of execution of the insurance contract or its latest amendment, if   any, except that the agency shall pay the greater of the two amounts  on   claims  by  a  public  employee  pension  fund,  or  by a public benefit   corporation derived from the sale of  notes  or  bonds  issued  by  said   corporation, provided that no more than the actual loss suffered by such   public  employee  pension  fund  or  public benefit corporation shall be   paid. Such payment may be made by the  agency  in  a  lump  sum,  or  in   partial  payments  made  within  such period of time as may be agreed to   between the agency and the mortgagee, all in accordance with  procedures   to be established by the agency.2. The agency shall establish, by contract or otherwise, procedures to   be  followed  with respect to development corporation credit support for   which the  development  corporation  credit  support  account  has  been   determined by the agency to be a source or potential source of payment.
NY Pub Auth L § 2429-C (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 2 2429-C - Charges and Fees.

§ 2429-c. Charges and fees. * 1. The agency shall fix a premium charge   for  its  insurance  of mortgages pursuant to this article which, except   for pool insurance, shall not be  less  than  an  amount  equivalent  to   one-quarter  of  one  per  centum  per  annum  nor  more  than an amount   equivalent to two per centum per  annum  of  the  outstanding  principal   amount  of  the insurable mortgage loan at any time, without taking into   account delinquent payments or prepayments.* NB Effective until July 23, 2023* 1. The agency shall fix  a  premium  charge  for  its  insurance  of   mortgages  pursuant  to  this  article  which  shall not be less than an   amount equivalent to one-quarter of one per centum per  annum  nor  more   than an amount equivalent to two per centum per annum of the outstanding   principal  amount  of  the  insurable mortgage loan at any time, without   taking into account delinquent payments or prepayments.* NB Effective July 23, 20232. The agency may establish and levy such other charges  and  fees  in   connection  with  applications  for  mortgage  insurance  and  insurance   commitments as it may deem appropriate and necessary. Such  charges  and   fees  shall  not  exceed  a  total  of  two  percent  of the outstanding   principal amount of the insurable mortgage loan.3. Such premium charges and other charges  shall  be  payable  by  the   mortgagor in cash in such manner as may be prescribed by the agency.4. Such premium charges and other charges and fees shall not be deemed   to  be  interest  for  the  purposes  of  sections  5-501 of the general   obligations law.5. The agency may, in its discretion, fix a  premium  charge  for  its   provision  of  development  corporation  credit support pursuant to this   part.
NY Pub Auth L § 2429-D (2021)
2021 New York Laws PBA - Public Authorities Article 8 - Miscellaneous Authorities Title 17 - State of New York Mortgage Agency Act Part 2 2429-D - Contributions to Agency.

§  2429-d.  Contributions to agency. Notwithstanding the provisions of   any general or special law or  the  provisions  of  any  certificate  of   incorporation,  charter  or other articles of organization, all domestic   corporations or associations organized for the purpose  of  carrying  on   business  in  this state, and any other persons are hereby authorized to   make contributions to the agency.