New York § 454 - 454Servicing of municipal loans by banking institutions
Full text of New York New York Consolidated Laws § 454 — 454Servicing of municipal loans by banking institutions, with citation guidance and answers to common questions.
§ 454. 454Servicing of municipal loans by banking institutions
§ 454. Servicing of municipal loans by banking institutions. The municipality is authorized to make provision, either in the loan agreement or by separate agreement, for the performance by one or more banking institutions of such services as are generally performed by any such bank itself owning and holding such a loan and as may be approved by the superintendent of financial services, for which services a bank may make and collect such service charges as the superintendent shall prescribe or approve.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 454
What does New York Consolidated Laws § 454 cover?
Section 454 ("454Servicing of municipal loans by banking institutions") 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 § 454?
A common citation format is "New York Consolidated Laws § 454" (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 § 454 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.