New York § 239 - 239Linked loans interest rate; limitation on lender's fees
Full text of New York New York Consolidated Laws § 239 — 239Linked loans interest rate; limitation on lender's fees, with citation guidance and answers to common questions.
§ 239. 239Linked loans interest rate; limitation on lender's fees
§ 239. Linked loans interest rate; limitation on lender's fees. 1. Linked loans shall bear interest at the linked loan interest rate. Lenders shall certify to the corporation that the linked loan interest rate is below the interest rate the lender would have charged for the loan in the absence of a linked deposit. 2. Lenders who make linked loans shall not be entitled to charge any discount, points, origination fees, handling fees, service charges, refinancing fees or penalties or any charge other than those normally charged and in such amounts normally charged by the lender for loans of the type being made without regard to the program.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 239
What does New York Consolidated Laws § 239 cover?
Section 239 ("239Linked loans interest rate; limitation on lender's fees") 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 § 239?
A common citation format is "New York Consolidated Laws § 239" (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 § 239 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.