There is a newer version
of
the New York Laws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
622 - Prohibition of Receipt of Gifts by Covered Institutions.
Universal Citation: NY Educ L § 622 (2019)
§ 622. Prohibition of receipt of gifts by covered institutions. 1. A covered institution may not, directly or indirectly, solicit, accept or receive any gift from or on behalf of a lending institution, in exchange for any advantage or consideration provided to such lending institution related to its educational loan activities.
2. A covered institution may not engage in revenue sharing with a lending institution.
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