New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter III - SUPERINTENDENT'S REGULATIONS
Subchapter A - BANKING ORGANIZATIONS
Part 321 - Loans To Executive Officers And Directors Of Banks And Bank Holding Companies
Section 321.6 - Annual financial statements of directors
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 321.6
Current through Register Vol. 46, No. 12, March 20, 2024
Every director of a bank who is obligated on any loan or extension of credit made by such bank to such director or to any other individual, partnership or unincorporated association or corporation, shall file a statement of his or her financial condition with such bank at least once in each year and at such other times as the superintendent may require. This section shall not apply to directors whose obligations are secured by collateral having an ascertained market value of at least 15 percent more than the amount of such obligations.
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