3 NYCRR Part 82 (Alternative Mortgage Instruments)
3 NYCRR Part 82
Part 82, authorized by New York Banking Law § 6-f, governs alternative (adjustable-rate, graduated-payment, balloon-payment and similar non-fixed-rate) mortgage instruments. It regulates permissible adjustments to the interest rate, payment, balance or term; negative amortization (deferral and capitalization); change-in-terms notifications; borrower disclosures; prepayment penalties; first-lien revolving credit lines; and bridge loans, and requires compliance with parallel federal regulation.
Who must comply
Other NYS DFS regulations
3 NYCRR Part 38 (Mortgage Disclosure & Advertising)
3 NYCRR Part 38
3 NYCRR Part 79 (Reverse Mortgages)
3 NYCRR Part 79
Banking Law § 6-l (High-Cost Home Loans)
N.Y. Banking Law § 6-l
Banking Law § 6-m (Subprime Home Loans)
N.Y. Banking Law § 6-m
Banking Law Art. 12-D (Mortgage Bankers & Brokers)
N.Y. Banking Law Article 12-D (§§ 589–599)
RPAPL § 1304 (90-Day Pre-Foreclosure Notice)
N.Y. Real Property Actions and Proceedings Law § 1304
Track this rule across your portfolio.
Pin a building and we'll surface every amendment, effective-date change, and filing deadline as it happens.