New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 11 - Insider Transactions
Section 11.6 - Discovery of insider relationship

If a bank becomes aware of the existence of an insider relationship after entering into a transaction for which approval would have been required under section 11.3 of this Part, the bank shall promptly report such transaction to the Superintendent at the address of the Banking Department set forth in section 1.1 of Supervisory Policy G 1 of this Title, except that no such report need be made by a New York bank other than a credit union if the amount involved is less than $5,000 or by a credit union if the amount involved is less than $4,000.