New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 13 - Depositor Savings Information ("truth-in-savings")
Section 13.3 - Form of disclosure
Current through Register Vol. 46, No. 12, March 20, 2024
(a) The disclosure required by this Part shall be made clearly, conspicuously, in meaningful sequence, subdivided under descriptive headings and printed in at least eight-point typeface. (Appendix 13 suggests how the required information may be disclosed in a clear, concise and simple form.)
(b) A banking organization may provide the required information in a single, consolidated disclosure document or may provide separate disclosure documents for each type of account.
(c) Banking organizations are encouraged to supplement the narrative statements with illustrations (i.e., give particular examples), tables, charts, drawings or other means which may aid the depositor in comprehending the disclosure information.
(d) The disclosure statement shall provide the name of a person or department or branch that can be contacted in order to answer any questions relating to the disclosure required by this Part.
(e)