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MATTER OF HOMESTEAD FUNDING CORPORATION v. STATE OF NEW YORK BANKING DEPARTMENT

513553.

95 A.D.3d 1410 (2012)

944 N.Y.S.2d 649

2012 NY Slip Op 3499

In the Matter of HOMESTEAD FUNDING CORPORATION, Appellant, v. STATE OF NEW YORK BANKING DEPARTMENT et al., Respondents.

Appellate Division of the Supreme Court of New York, Third Department.

Decided May 3, 2012.

McCARTHY, J.

Petitioner is a mortgage bank conducting the business of originating mortgage loans in New York. As such, petitioner is licensed and regulated by respondent Banking Department.1 Pursuant to the Banking Law, the Department charges mortgage banks an annual general assessment to cover the cost of its operations associated with overseeing such entities (see Banking Law § 17 [2]).2 Mortgage...

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