S9514 — Prohibits certain financial institutions from charging a fee based on the frequency of payments or for changing the frequency of mortgage payments

S9514 — Prohibits certain financial institutions from charging a fee based on the frequency of payments or for changing the frequency of mortgage payments · Informed CitizenryThe bill amends the banking law by adding new section 9-aa, which prohibits "mortgage payment servicers" from charging fees or other charges to a mortgagor for making payments on a mortgage loan on…Open in Informed Citizenry