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A.1238: The Financially Literate Borrowers Act 

Resources:
Bill Text

"Lancman: New York Can Help Subprime Mortgage Borrowers," Newsday

Summary
Enacts the "financially literate borrowers act"; provides a one-time, two hundred fifty dollar tax credit shall be granted to borrowers who participate in a banking department approved home loan borrower counseling session provided by a not-for-profit counseling organization prior to closing on such borrower's loan.

 

 
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