N.Y. Banking Law § 96-a: Servicing of mortgages by banks

§ 96-a. Servicing of mortgages by banks. 1. Every bank shall, subject

to the restrictions and limitations contained in this article, have the

power to service mortgages, and the superintendent shall have the power

to prescribe, by specific or general regulation, the extent to which,

and the conditions upon which, mortgages may be serviced.

2. No bank shall, by virtue of the provisions contained in this

section, be deemed to have the powers defined and described in

subdivision two of section one hundred of this article.

3. The grant of powers to banks by or pursuant to this section shall

not be deemed to limit or restrict any other banking organizations,

heretofore or hereafter organized, in the exercise of their lawful

powers.