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NYC Rules of the City of New York

§ 58-09 — Loan Reporting and Filing Requirements.

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What is NYC RCNY § 58-09?

Quick Answer

a. Upon repayment in full of a delinquent Program Charge and any related fees and interest, the Lender shall record in the Office of the City Register or the Richmond County Clerk's Office a document providing notice of release of any PACE Charge Lien on the subject property.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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Effective: 4/21/2021

§ 58-09 Loan Reporting and Filing Requirements.

RCNY § 58-09

a. Upon repayment in full of a delinquent Program Charge and any related fees and interest, the Lender shall record in the Office of the City Register or the Richmond County Clerk's Office a document providing notice of release of any PACE Charge Lien on the subject property. b. Upon repayment in full of the Loan and any related fees and interest, the Lender shall record in the records of the Office of the City Register or the Richmond County Clerk's Office a document providing notice of release of the Loan on the subject property. c. The City, the Administering Agency and the Administrator will comply with all other Loan reporting and filing requirements as required in the Program Guidelines. (Added City Record 3/22/2021, eff. 4/21/2021)

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