New York Statutes
§ 680-J — Recoupment or set off
New York § 680-J
This text of New York § 680-J (Recoupment or set off) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Banking § 680-J (2026).
Text
§ 680-j. Recoupment or set off.
1.Except as provided in subdivision\ntwo or three of this section, a bank shall not exercise a right of\nrecoupment or set off against a special deposit.\n 2. An account agreement may authorize the bank to debit the special\ndeposit:\n (a) when the bank becomes obligated to pay a beneficiary, in an amount\nthat does not exceed the amount necessary to discharge the obligation;\n (b) for a fee assessed by the bank that relates to an overdraft in the\nspecial deposit account;\n (c) for costs incurred by the bank that relate directly to the special\ndeposit; or\n (d) to reverse an earlier credit posted by the bank to the balance of\nthe special deposit account, if the reversal occurs under an event or\ncircumstance warranted under other law of this state
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Nearby Sections
15
§ 680
Short title§ 680-A
Definitions§ 680-B
Scope; choice of law; forum§ 680-E
Permissible purpose§ 680-I
Injunction or similar relief§ 680-J
Recoupment or set off§ 680-K
Duties and liability of bank§ 680-L
Term and termination§ 680-M
Principles of law and equityCite This Page — Counsel Stack
Bluebook (online)
New York § 680-J, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/BNK/680-J.