N.Y. Comp. Codes R. & Regs. tit. 3 § 321.6
Current through Register Vol. 46, No. 25, June 18, 2024
Every director of a bank who is obligated on any loan or extension of credit made by such bank to such director or to any other individual, partnership or unincorporated association or corporation, shall file a statement of his or her financial condition with such bank at least once in each year and at such other times as the superintendent may require. This section shall not apply to directors whose obligations are secured by collateral having an ascertained market value of at least 15 percent more than the amount of such obligations.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 321.6