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The Laws of New York
Consolidated Laws of New York
CHAPTER 16
Education
TITLE 1
General Provisions Article 1 Short Title and Definitions (ยงยง
ARTICLE 13-B
Student Lending Accountability, Transparency and Enforcement Act
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SECTION 620
Definitions
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ARTICLE 13-B
Student Lending Accountability, Transparency and Enforcement Act
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SECTION 622
Prohibition of receipt of gifts by covered institutions
This entry was published on 2014-09-22
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SECTION 621
Prohibition of gifts made by lending institutions to covered institutions and their employees
Education (EDN) CHAPTER 16, TITLE 1, ARTICLE 13-B
§ 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.