N.Y. Banking Law § 9-I

Current through 2024 NY Law Chapter 457
Section 9-I - [Multiple versions] Close-out fees prohibited in certain cases

No banking institution, as that term is defined in section nine-f of this chapter, shall charge its customers a fee for the withdrawal of all funds from any account resulting in the closing of such account provided that such account was opened for a period of at least one hundred eighty consecutive days prior to its closing.

N.Y. Banking Law § 9-I