N.Y. Comp. Codes R. & Regs. tit. 3 § 73.7

Current through Register Vol. 46, No. 53, December 31, 2024

Section 73.7 - Restrictions on electronic facilities

(a) No electronic facility may be staffed by employees of a banking organization. However, employees of a banking organization may be used to demonstrate the equipment, to train nonbank employees for a reasonable period of time, to provide information, to repair and service the electronic equipment, or as security guards.

(b) All banking organizations shall take the necessary steps to protect their interests in the activities of their electronic facilities, including the acquisition of appropriate fidelity and other insurance coverage, and to safeguard the identity of bank customers in the use of such facilities.

(c) No new accounts may be opened at electronic facilities, and no cash, check, money order or draft of any kind may be taken with application forms if such forms are filled out and left at the electronic facility.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 73.7