N.Y. Comp. Codes R. & Regs. tit. 3 § 112.5

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

Section 112.5 - Definitions

As used in this Procedure:

(a) the words banking organization shall mean and include each bank, trust company, savings bank, and savings and loan association, as those terms are defined in section 2 of the Banking Law;

(b) the words branch office, branch or office shall include principal offices, branch offices, and public accommodation offices, but shall not include convenience centers, mobile teller units, automatic teller machines, point-of-sale terminals or similar facilities;

(c) the words financial services shall mean and include demand and time deposit accounts, check cashing services, deposit and withdrawal transactions, sale of bank or travelers checks and money orders, processing loan applications, acceptance of loan repayments, and any related services; and

(d) the words facility and facilities shall mean and include any building, structure, vehicle, unit, machine or device, permanent or temporary, mobile or stationary, at which financial services of any kind or description are provided or dispensed.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 112.5