2019 New York Laws
EDN - Education
Title 1 - General Provisions
Article 13-B - Student Lending Accountability, Transparency and Enforcement Act
628 - Proper Execution of Master Promissory Notes.

Universal Citation: NY Educ L § 628 (2019)

§ 628. Proper execution of master promissory notes. A covered institution shall not direct in any manner whatsoever potential borrowers to any electronic master promissory notes or other loan agreements that do not provide a reasonable and convenient alternative for the borrower to complete a master promissory note with any federally approved lending institution offering the relevant loan in this state.


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