§ 9-r. Geographic restrictions. 1. No banking institution shall have a
policy or general practice of refusing to open a deposit account solely
on the basis of the geographic location of the depositor's residence or
place of business; provided that the banking office at which the
depositor seeks to open the account is within the county or, in the case
of a county wholly contained within a city, the city in which such
residence or place of business is located. For purposes of this section,
"banking institution" means any bank, trust company, savings bank,
savings and loan association, or branch of a foreign banking corporation
the deposits of which are insured by the federal deposit insurance
corporation, which is incorporated, chartered, organized or licensed
under the laws of this state or any other state or the United States.
2. Nothing herein contained shall prevent a banking institution from
requiring any person applying for a deposit account to demonstrate that
the residence or place of business of such person is located within the
same county or city, or prevent a banking institution from taking
actions necessary to verify such person's residence or place of
business, so as to avoid being considered in violation of any law of the
United States or of this state which has as its purpose the prevention
of money laundering or other criminal or fraudulent acts, including,
without limitation, 12 USC § 1829b (Bank Secrecy); 18 USC § 1341 (Frauds
and Swindles); 18 USC § 1342 (Fictitious Name or Address); 18 USC § 2113
(Bank Robbery and Incidental Crimes); 31 USC § 5311 through § 5326
(Records and Reports on Monetary Instruments Transactions).
Structure New York Laws
Article 1 - Short Title; Definitions; Miscellaneous Provisions.
2-A - Limited Liability Investment Company; Definitions.
2-B - Limited Liability Trust Companies; Definitions.
4-C - Exemptions From Certain Provisions of Chapter.
5 - Loans Pursuant to the "Servicemen's Readjustment Act of 1944."
6-C - Application Forms to Be Made Available; Certain Cases.
6-D - Requirement to State in Writing Reason for Denial of Mortgage Loan.
6-E - Graduated Payment Mortgages Authorized.
6-G - Override of Certain Provisions of United States Public Law 97-320.
6-H - Reverse Mortgage Loans Authorized.
6-K - Real Property Insurance Escrow Accounts.
6-N - Responsibility of Banks for Mortgages Being Processed for Modification.
6-O - Single Point of Contact for Modifying Delinquent Home Loans.
6-O*2 - Reverse Cooperative Apartment Unit Loans for Persons Sixty-Two Years of Age or Older.
6-P - Loan Counseling for Mortgages Guaranteed by the Servicemen's Readjustment Act of 1944.
9-B - Actions or Special Proceedings by Superintendent or Attorney-General.
9-C - Superintendent's or Attorney-General's Action for Judicial Dissolution.
9-D - Enforcement of Section Two Hundred Ninety-Six-a of the Executive Law.
9-F - Geographic Discrimination in Making Mortgage Loans Prohibited.
9-H - Imposition of Service Charges Prohibited.
9-I - Close-Out Fees Prohibited in Certain Cases.
9-I*2 - Prohibition on Depositor of Early Withdrawal Penalty in Certain Cases.
9-J - Disposal of Records; Customer Accounts.
9-K - Sale of Education Loans.
9-N - Trust Accounts; Address of Beneficiary.
9-O - Mortgage Loans; Disclosure Form.
9-P - Acceptance of Certain Checks for Deposit.
9-R - Geographic Restrictions.
9-S - Preauthorized Electronic Fund Transfers.
9-T - Unsolicited Mail-Loan Checks.
9-U - Atm Transactions by Persons Using Foreign Bank Accounts.
9-V - Savings Promotion Prize Giveaway.
9-W - Standard Financial Aide Award Letter.
9-X*2 - Fees Based on Inactivity; Notification.
9-Y - Banking Institutions to Pay Checks Drawn Therein in Order of Presentation.