New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 73 - Electronic Facilities
Section 73.5 - Facilities not requiring notification

Universal Citation: 3 NY Comp Codes Rules and Regs ยง 73.5

Current through Register Vol. 46, No. 12, March 20, 2024

The following activities do not require notification to the Superintendent under this Part:

(a) the establishment by a banking organization of an electronic facility on the premises of one of its authorized, staffed banking offices or attached to the outer wall of such an office;

(b) the establishment or sharing of an electronic facility to the extent it is used solely to effect transactions among banking institutions, clearinghouses, clearing corporations, governmental institutions or governmental agencies, business firms or similar organizations, or between two or more of these types of organizations; and

(c) the sharing of an electronic facility when the customers of the sharing institution may use the facility solely to obtain information about account balances, make cash withdrawals (including those that require transfers of funds among a customer's accounts), and obtain cash advances against credit lines.

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