Valatie, N.Y., Code of Ordinances ch. 198 (eCode360 ed. 2026) § 198-4
Discrimination in financing
Operative Text
It shall be unlawful within the Village of Valatie for any bank, building and loan association, insurance company or other corporation, association, firm or enterprise, whose business consists in whole or in part in the making of commercial real estate loans, to deny a loan or other financial assistance to a person applying therefor for the purpose of purchasing, constructing, improving, repairing or maintaining a dwelling; or to discriminate against him in the fixing of the amount, interest rate, duration or other terms or conditions of such loan or other financial assistance because of the race, color, religion, sex or national origin of such person or of any person associated with him in connection with such loan or other financial assistance, or the purposes of such loan or other financial assistance, or of the present or prospective owners, lessees, tenants or occupants of the dwelling or dwellings in relation to which such loan or other financial assistance is to be made or given, provided that nothing contained in this section shall impair the scope or effectiveness of the exception contained in § 198-6 .
Section 198-4 of Valatie, N.Y., Code of Ordinances Chapter 198 prohibits financial institutions — including banks, loan associations, and insurance companies — from denying or discriminating in the terms of real estate loans based on the race, color, religion, sex, or national origin of the applicant or anyone associated with the transaction. This protection extends to the characteristics of current or prospective owners, tenants, or occupants of the dwelling involved. The provision applies to any aspect of a loan's terms, including amount, interest rate, and duration, with a limited exception noted in § 198-6.
Plain English — not legal advice.
Property owners and managers in Valatie who seek financing for purchasing, constructing, improving, or maintaining dwellings should be aware that under § 198-4, lenders operating in the Village are prohibited from varying loan terms based on the protected characteristics of anyone connected to the transaction, including tenants or occupants. Compliant lenders evaluate applications on neutral, non-discriminatory criteria. Operators who encounter differential treatment in financing based on the demographics of their tenants or property location may have grounds to raise a concern under this provision.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Section 198-4 of Valatie's Code of Ordinances Chapter 198 establishes that tenants and occupants of a dwelling cannot be used as a basis for a lender to deny or alter the terms of a real estate loan — meaning a landlord's financing cannot lawfully be conditioned on the protected characteristics of who lives in the property. Tenants who believe this provision has affected their housing situation may consider contacting a local tenant-rights organization or a fair housing agency for general information. Federal fair housing resources, including the U.S. Department of Housing and Urban Development, also accept complaints related to discriminatory lending practices.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 10, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
Effective Timeline
References In
Rules and statutes that cite this regulation