Section 22 Affidavit (Pursuant To NYS Lien Law) | Pdf Fpdf Docx | New York

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Section 22 Affidavit (Pursuant To NYS Lien Law) | Pdf Fpdf Docx | New York

Last updated: 6/14/2026

Section 22 Affidavit (Pursuant To NYS Lien Law)

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Description

SECTION 22 AFFIDAVIT. This is a sworn statement used in connection with a building loan contract to disclose the financial details of a construction loan. Required under Section 22 of the New York Lien Law, the affidavit identifies the consideration paid or to be paid by the borrower to the lender and itemizes expenses associated with the loan, including broker commissions, title and recording fees, mortgage taxes, architectural and engineering fees, appraisals, inspections, and other related costs. The form also calculates the net amount available to the borrower for property improvements after these expenses are deducted. The affidavit must be signed under oath and is intended to provide transparency regarding the allocation of building loan funds. www.FormsWorkflow.com

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