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Page: Department Of Financial Services
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Department Of Financial Services
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OGC Opinion No. 08-05-11
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The Office of General Counsel issued the following opinion on May 23, 2008, representing the position of the New york city Insurance Department.

RE: Mortgage Note Language

Question Presented:

Does the below-quoted mortgage note language break any provision of the New York Insurance Law?

Conclusion:

No. However, the Insurance Law does not govern the material or form of mortgage notes

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