New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 68 - Investments In Savings And Loan Service Agencies
Section 68.3 - Investments in capital stock of service agency
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 68.3
Current through Register Vol. 46, No. 12, March 20, 2024
No savings and loan association shall invest in the capital stock of a service agency if the aggregate amount of its investment in such stock, including a proposed investment, would exceed the greater of three tenths of one percent of the total assets of such savings and loan association or $3,000 as of the date of such investment.
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