N.Y. Comp. Codes R. & Regs. tit. 3 § 15.2

Current through Register Vol. 46, No. 51, December 18, 2024

Section 15.2 - Requirement to furnish notice

(a) Every banking institution referred to in section 15.1 of this Part shall furnish a written notice to each owner named in every joint account. Such notice shall include, but need not be limited to, the disclosures set forth in section 15.3 of this Part.

(b) Every banking institution referred to in section 15.1 of this Part shall furnish a written notice to the owner and other person or persons named on every convenience account which shall be established or into which funds currently on deposit with the institution shall be transferred or "rolled over" on or after the effective date of this section, which notice shall include, but need not be limited to, the disclosures set forth in section 15.3 of this Part.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 15.2