Banking organizations which comply with Regulation DD of the Board of Governors of the Federal Reserve System ( 12 CFR Part 230) issued on September 14, 1992 with respect to consumer accounts shall be deemed to be in compliance with this Part. In addition, a banking organization may satisfy this Part, in the case of business accounts, by providing either a disclosure statement in the form required by 12 CFR 230 or a disclosure statement meeting the requirements of this Part. Those banking organizations which choose to satisfy the requirements of this Part with respect to business accounts by complying with 12 CFR 230, need only comply with those portions of 12 CFR 230 which contain provisions to the same effect as those contained in this Part.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 13.6