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Code · New York · Banking · Misconduct Relating to Banking Organizations

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

197 words·~1 min read·/ny/banking/misconduct-relating-to-banking-organizations/662·

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§ 662. Bank officer or employee overdrawing his account or asking for
or receiving commissions or gratuities from persons procuring loans or
making overdrafts of their accounts. Any officer, director, agent,
teller, clerk or employee of any bank, banking association, savings
bank, trust company or private banker, who:
1. Knowingly overdraws his account with such bank, banking
association, savings bank, trust company or private banker, and thereby
obtains the money, notes or funds of any such bank, banking association,
savings bank, trust company or private banker; or
2. Asks or receives, or consents or agrees to receive, any commission,
emolument, gratuity or reward, or any promise of any commission,
emolument, gratuity or reward, or any money, property or thing of value
or of personal advantage, for procuring or endeavoring to procure for
any person, firm or corporation, any loan from, or the purchase or
discount of any paper, note, draft, check or bill of exchange, by any
such bank, banking association, savings bank, trust company or private
banker, or for permitting any person, firm or corporation to overdraw
any account with such bank, banking association, savings bank, trust
company or private banker,
Is guilty of a misdemeanor.
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