9-R – Geographic Restrictions.
§ 9-r. Geographic restrictions. 1. No banking institution shall have a policy or general practice of refusing to open a deposit account solely on the basis of the geographic location of the depositor’s residence or place of business; provided that the banking office at which the depositor seeks to open the account is within the […]
9-S – Preauthorized Electronic Fund Transfers.
§ 9-s. Preauthorized electronic fund transfers. 1. Every banking institution which provides preauthorized electronic fund transfers from consumer accounts shall, in accordance with regulations adopted by the superintendent of financial services, provide consumers with the right to stop payment by giving written or oral notice within a specified period of time prior to such transfer. […]
9-T – Unsolicited Mail-Loan Checks.
§ 9-t. Unsolicited mail-loan checks. 1. For purposes of this section, the following terms shall have the following meanings: (a) “lending institution” shall mean a licensed lender or a state or federally chartered bank, trust company, savings bank, savings and loan association or credit union. (b) “mail-loan check” shall mean a check, made out to […]
9-U – Atm Transactions by Persons Using Foreign Bank Accounts.
§ 9-u. ATM transactions by persons using foreign bank accounts. 1. Subject to the requirements of section three hundred ninety-nine-y of the general business law, as added by chapter four hundred ninety-five of the laws of nineteen hundred ninety-nine, an agreement to operate or share an automated teller machine shall not have the effect of […]
9-V – Savings Promotion Prize Giveaway.
§ 9-v. Savings promotion prize giveaway. A banking organization organized under or subject to the provisions of this chapter, federal credit union, federal savings bank, federal savings and loan association, or national bank association may conduct a savings promotion in accordance with the provisions of this section, to the extent it is not prohibited by […]
9-W – Standard Financial Aide Award Letter.
§ 9-w. Standard financial aid award letter. The superintendent of financial services in consultation with the president of the higher education services corporation shall develop a standard financial aid award letter which shall clearly delineate (a) the estimated cost of attendance, including but not limited to, the cost of tuition and fees, room and board, […]
9-X – Mortgage Forbearance.
* § 9-x. Mortgage forbearance. 1. As used in this section, the following terms shall have the following meanings: (a) “Covered period” means March 7, 2020 until the later of December 31, 2021 or the date on which none of the provisions that closed or otherwise restricted public or private businesses or places of public […]
9-X*2 – Fees Based on Inactivity; Notification.
* § 9-x. Fees based on inactivity; notification. Notwithstanding any other provision of law or rule or regulation to the contrary, any financial institution subject to the provisions of this chapter, including any bank, trust company, savings bank, savings and loan association, credit union, mortgage broker, mortgage banker, or other investment entity, whether headquartered within […]
9-Y – Banking Institutions to Pay Checks Drawn Therein in Order of Presentation.
§ 9-y. Banking institutions to pay checks drawn therein in order of presentation. 1. Notwithstanding any law, rule or regulation to the contrary, every banking institution that provides consumer checking accounts shall either pay checks in the order wherein they are received or pay checks from smallest to largest dollar amount for each business day’s […]
9-Z – Cashing of Certain Checks.
§ 9-z. Cashing of certain checks. 1. No bank, trust company, savings bank, savings and loan association or credit union shall, refuse to cash a cashier’s check, a payroll check, or a certified check in the amount of five hundred dollars or less, drawn on accounts in such institution or a branch as long as […]