New York § 9-I Close-out fees prohibited in certain cases

New York Statutes

§ 9-I — Close-out fees prohibited in certain cases

New York § 9-I

Law BNKBanking

Art. 1Short Title; Definitions; Miscellaneous Provisions

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Bluebook

N.Y. Banking § 9-I (2026).

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

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* § 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