There is a newer version
of
the New York Laws
2019 New York Laws
EDN - Education
Title 1 - General Provisions
Article 13-B - Student Lending Accountability, Transparency and Enforcement Act
621 - Prohibition of Gifts Made by Lending Institutions to Covered Institutions and Their Employees.
Universal Citation: NY Educ L § 621 (2019)
§ 621. Prohibition of gifts made by lending institutions to covered institutions and their employees. 1. A lending institution may not, directly or indirectly, offer or provide any gift to a covered institution or a covered institution employee, in exchange for any advantage or consideration provided to such lending institution related to its educational loan activities.
2. A lending institution may not engage in revenue sharing with a covered institution.
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