§ 679. Public awareness; banking services.
138 words·~1 min read·
/ny/banking/joint-deposits-and-shares/679·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 679. Public awareness; banking services. The superintendent shall
conduct a public awareness campaign to educate consumers on different
banking services available in the state, particularly those that can
assist vulnerable adults in financial planning, including, but not
limited to, citizens of an advanced age, individuals with cognitive or
developmental disabilities, or those who have health or physical issues
that impair their financial independence. The public awareness campaign
shall include information regarding the differences between types of
accounts, including joint and convenience accounts, as well as the
rights and responsibilities generally recognized for each. The public
awareness campaign shall also include, but not be limited to, answers to
general concerns and questions that individuals may have with respect to
the establishment of certain types of accounts and services, as well as
information and recommendations for obtaining more information.