N.Y. BNK Law § 9-I
This is the official text of N.Y. BNK Law § 9-I, part of New York’s BNK Law — part of the compiled statutory law of New York, published by the state as "BNK Law." Browse the sections below, each linked to its official government source.
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Close-out fees prohibited in certain cases
Official statutory text
* § 9-i. Close-out fees prohibited in certain cases. No banking\ninstitution, as that term is defined in section nine-f of this chapter,\nshall charge its customers a fee for the withdrawal of all funds from\nany account resulting in the closing of such account provided that such\naccount was opened for a period of at least one hundred eighty\nconsecutive days prior to its closing.\n * NB There are 2 § 9-i's\n
Status: in_force · Read it on the official government site
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