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2015 New York Laws
STF - State Finance
Article 16 - (State Finance) WATER POLLUTION CONTROL LINKED DEPOSIT PROGRAM ACT
239 - Linked loans interest rate; limitation on lender's fees.

NY State Fin L § 239 (2015) What's This?
  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.

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