New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 78 - Personal Loan Departments Of Savings Banks And Savings And Loan Associations
Section 78.2 - General authority for personal loan department
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 78.2
Current through Register Vol. 46, No. 12, March 20, 2024
A savings bank and savings and loan association may operate a personal loan department under the same requirements as are provided in section 108(4) of the Banking Law for a bank or trust company and may make any loan or advance that a bank or trust company may make pursuant to the provisions of section 108(4)-(5) of the Banking Law on the same terms and conditions as provided in such sections.
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