New York § 474 - 474Loan reports to directors
Full text of New York New York Consolidated Laws § 474 — 474Loan reports to directors, with citation guidance and answers to common questions.
§ 474. 474Loan reports to directors
§ 474. Loan reports to directors. 1. The credit committee shall prepare and submit written reports to the board of directors of all loans approved or disapproved. If there is no credit committee, the board of directors shall designate, by resolution, a loan officer or officers whose duty it shall be to prepare and submit such written reports to the board. 2. These written reports shall be submitted to the board of directors at every regular monthly meeting of the board. Such written reports shall include a detailed description of any collateral securing these loans. 3. The superintendent may promulgate regulations relating to the provisions of these loan reports.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 474
What does New York Consolidated Laws § 474 cover?
Section 474 ("474Loan reports to directors") 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 § 474?
A common citation format is "New York Consolidated Laws § 474" (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 § 474 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.