New York Banking Law Section 9-I - Close-out fees prohibited in certain cases.

* 9-i. Close-out fees prohibited in certain cases. No banking institution, as that term is defined in section nine-f of this chapter, shall charge its customers a fee for the withdrawal of all funds from any account resulting in the closing of such account provided that such account was opened for a period of at least one hundred eighty consecutive days prior to its closing.

* NB There are 2 9-i's


Last modified: February 3, 2019