New York § 662 - 662Bank officer or employee overdrawing his account or asking for or receiving commissions or gratuities from persons procuring loans or mak...
Full text of New York New York Consolidated Laws § 662 — 662Bank officer or employee overdrawing his account or asking for or receiving commissions or gratuities from persons procuring loans or mak..., with citation guidance and answers to common questions.
§ 662. 662Bank officer or employee overdrawing his account or asking for or receiving commissions or gratuities from persons procuring loans or mak...
§ 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.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 662
What does New York Consolidated Laws § 662 cover?
Section 662 ("662Bank officer or employee overdrawing his account or asking for or receiving commissions or gratuities from persons procuring loans or mak...") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 662?
A common citation format is "New York Consolidated Laws § 662" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 662 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.