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Department Of Financial Services
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OGC Opinion No. 08-05-11
The Office of General Counsel issued the following viewpoint 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 violate any arrangement of the New york city Insurance Law?
Conclusion:
No. However, the Insurance Law does not govern the material or kind of mortgage notes