N.Y. Comp. Codes R. & Regs. tit. 3 § 323.3

Current through Register Vol. 46, No. 25, June 18, 2024

Section 323.3 - Notification that deposits are uninsured

At or prior to the time a licensed agency of a foreign bank shall open any deposit account under $100,000 for a depositor not a citizen or resident of the United States, pursuant to section 202-a(1)(c) of the Banking Law, and this Part, it shall notify the depositor that the agency's deposits are not insured by the FDIC. Such notification shall be in writing and shall appear in a conspicuous place on the signature card or other related documentation pertaining to the opening of the account.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 323.3