N.Y. Banking Law § 6-p: Loan counseling for mortgages guaranteed by the Servicemen's Readjustment Act of 1944

§ 6-p. Loan counseling for mortgages guaranteed by the Servicemen's

Readjustment Act of 1944. Every mortgage lending institution and

mortgage banker which originates loans secured by real property used for

residential purposes located in this state which are to be guaranteed

under the Servicemen's Readjustment Act of 1944 shall provide a separate

disclosure form with each application stating that a veteran seeking a

housing loan under chapter 37 of title 38 of the United States Code has

been offered loan counseling services. Such loan counseling services

shall be provided by the department of veterans' services under section

twenty-nine-a of the veterans' services law upon request of an

applicant. The disclosure form required by this section shall be signed

by each applicant and shall include information detailing how to access

such counseling services.