New York statute
N.Y. Penal Law § 187.00 — Definitions
Current through 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17)
Part of Article 187: Residential Mortgage Fraud, New York Penal Law.
Full text of N.Y. Penal Law § 187.00
Statutory text current through the 2026 legislative session (LBDC text via OpenLegislation as of 2026-07-17). This publication reproduces the text of the Consolidated Laws of New York as provided by the New York State Senate's Open Legislation service (Legislative Bill Drafting Commission statutory text); it is not the official statutes of the State of New York.
187.00 Definitions.
As used in this article:
1. "Person" means any individual or entity.
2. "Residential mortgage loan" means a loan or agreement to extend
credit, including the renewal, refinancing or modification of any such
loan, made to a person, which loan is primarily secured by either a
mortgage, deed of trust, or other lien upon any interest in residential
real property or any certificate of stock or other evidence of ownership
in, and a proprietary lease from, a corporation or partnership formed
for the purpose of cooperative ownership of residential real property.
3. "Residential real property" means real property that is used or
occupied, or intended to be used or occupied, wholly or partly, as the
home or residence of one or more persons, including real property that
is improved by a one-to-four family dwelling, or a residential unit in a
building including units owned as condominiums or on a cooperative
basis, used or occupied, or intended to be used or occupied, wholly or
partly, as the home or residence of one or more persons, but shall not
refer to unimproved real property upon which such dwellings are to be
constructed.
4. "Residential mortgage fraud" is committed by a person who,
knowingly and with intent to defraud, presents, causes to be presented,
or prepares with knowledge or belief that it will be used in soliciting
an applicant for, applying for, underwriting or closing a residential
mortgage loan, or filing with a county clerk of any county in the state
arising out of and related to the closing of a residential mortgage
loan, any written statement which:
(a) contains materially false information concerning any fact material
thereto; or
(b) conceals, for the purpose of misleading, information concerning
any fact material thereto.
Official sources
Legal terms used in this section
This reference is informational and is not legal advice.