New York § 129-A - 129-ARequirement of written notification; alternative payment schedules
Full text of New York New York Consolidated Laws § 129-A — 129-ARequirement of written notification; alternative payment schedules, with citation guidance and answers to common questions.
§ 129-A. 129-ARequirement of written notification; alternative payment schedules
§ 129-a. Requirement of written notification; alternative payment schedules. In the event that any bank or trust company shall permit a customer to establish an alternative payment schedule for an existing loan, the bank or trust company shall provide written notification that accepting such alternative payment schedule may have a negative impact on such customer's credit score or rating. Such notification shall be provided at the time a loan application is made, at the time a loan is granted and at the time a customer requests that an alternative payment schedule be established for a loan, but prior to the actual establishment of an alternative payment schedule.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 129-A
What does New York Consolidated Laws § 129-A cover?
Section 129-A ("129-ARequirement of written notification; alternative payment schedules") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 129-A?
A common citation format is "New York Consolidated Laws § 129-A" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 129-A apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.