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N.Y. Banking Law § 662

Bank officer or employee overdrawing his account or asking for or receiving commissions or gratuities from persons procuring loans or mak..

2014-09-22

§ 662. Bank officer or employee overdrawing his account or asking for\nor receiving commissions or gratuities from persons procuring loans or\nmaking overdrafts of their accounts. Any officer, director, agent,\nteller, clerk or employee of any bank, banking association, savings\nbank, trust company or private banker, who:\n 1. Knowingly overdraws his account with such bank, banking\nassociation, savings bank, trust company or private banker, and thereby\nobtains the money, notes or funds of any such bank, banking association,\nsavings bank, trust company or private banker; or\n 2. Asks or receives, or consents or agrees to receive, any commission,\nemolument, gratuity or reward, or any promise of any commission,\nemolument, gratuity or reward, or any money, property or thing of value\nor of personal advantage, for procuring or endeavoring to procure for\nany person, firm or corporation, any loan from, or the purchase or\ndiscount of any paper, note, draft, check or bill of exchange, by any\nsuch bank, banking association, savings bank, trust company or private\nbanker, or for permitting any person, firm or corporation to overdraw\nany account with such bank, banking association, savings bank, trust\ncompany or private banker,\n Is guilty of a misdemeanor.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.