New York § 254-D - 254-DFees by mortgagee for direct payment of real property taxes by mortgagor prohibited
Full text of New York New York Consolidated Laws § 254-D — 254-DFees by mortgagee for direct payment of real property taxes by mortgagor prohibited, with citation guidance and answers to common questions.
§ 254-D. 254-DFees by mortgagee for direct payment of real property taxes by mortgagor prohibited
§ 254-d. Fees by mortgagee for direct payment of real property taxes by mortgagor prohibited. No mortgagor on a loan secured primarily by an interest in real property shall be charged a fee by the mortgagee because the parties have agreed that the mortgagor shall pay real property taxes on such real property directly to the taxing authority or authorities and not in escrow to the mortgagee or the mortgagee's agent.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 254-D
What does New York Consolidated Laws § 254-D cover?
Section 254-D ("254-DFees by mortgagee for direct payment of real property taxes by mortgagor prohibited") 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 § 254-D?
A common citation format is "New York Consolidated Laws § 254-D" (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 § 254-D 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.