N.Y. Comp. Codes R. & Regs. tit. 3 § 114.1

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

Section 114.1 - Purpose and scope

(a) It is the purpose of this Supervisory Procedure to set forth the procedures and limitations relative to the maintenance and disclosure of personal information under the provisions of article 6-A of the Public Officers Law, the Personal Privacy Protection Law. Unless the context requires otherwise, the terms used herein shall have the same meanings ascribed to them in said article 6-A.

(b) The Banking Department (department) shall maintain in its records only such personal information as is relevant and necessary to accomplish a purpose of the agency required to be accomplished by statute or executive order, or to implement a program specifically authorized by law.

(c) Personal information will be collected, whenever practicable, directly from the person to whom the information pertains.

(d) The department seeks to ensure that all records pertaining to or used with respect to individuals are accurate, relevant, timely and complete.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 114.1