PocketLaw | New York Laws | Excelsior Linked Deposit Act

Excelsior Linked Deposit Act

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Short Title.

Definitions.

Establishment and Purpose; Linked Deposit Program Authorization.

Responsibilities of Commissioner of Economic Development, Comptroller, Commissioner of Taxation and Finance and Superintendent of Financial Services.

Term of Program.

Linked Loans.

Interest Rate for Linked Loans; No Lender's Fees.

Application Procedure.

Renewal of Linked Deposit.

Liability; Early Repayment and Withdrawal.

Monitoring and Report.

Promotion of Program.

Rules and Regulations.