Section 22 Affidavit (NY) | Practical Law
A form of Section 22 affidavit required under the New York Lien Law for use in a construction loan transaction in New York. This Standard Document must be submitted to the county clerk for filing with the building loan agreement evidencing the construction loan to maintain the lender's priority over loan advances made before the filing of any mechanic's liens. This Standard Document has integrated notes with important explanations and drafting tips.