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2013 New York Consolidated Laws
ISC - Insurance
Article 65 - (6501 - 6508) MORTGAGE GUARANTY INSURANCE COMPANIES
6506 - Advertising.


NY Ins L § 6506 (2012) What's This?
 
    §  6506.  Advertising.  No  regulated  mortgage investor, any of whose
  authorized real estate  securities  are  insured  by  mortgage  guaranty
  insurance  pursuant  to  this article may state in any form of report or
  advertising that the real estate loans  of  the  investor  are  "insured
  loans"  unless the report or any form of advertising also clearly states
  that the loans are insured by private insurers and  the  names  of  such
  insurers  are  given.  A regulated mortgage investor also shall not make
  any such statement unless such insurance is by a company  authorized  to
  transact mortgage guaranty insurance business in this state.

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