N.Y. Banking Law § 101: Additional powers of certain trust companies

§ 101. Additional powers of certain trust companies. Every trust

company which at the time this act takes effect lawfully possesses and

exercises the power, for hire, to examine titles to real estate, to

procure and furnish information in relation thereto, and to guarantee or

insure the title to real estate to persons interested, in such real

estate or in mortgages thereon, against loss, by reason of defective

title or other encumbrances of or upon, such real estate, shall continue

to possess such power, but no other trust company shall hereafter have

or exercise such power.