Legislation

Search OpenLegislation Statutes

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
previous
SECTION 621
Prohibition of gifts made by lending institutions to covered institutions and their employees
up
ARTICLE 13-B
Student Lending Accountability, Transparency and Enforcement Act
next
SECTION 623
Prohibition of receipt of gifts by covered institution employees
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 622
Prohibition of receipt of gifts by covered institutions
Education (EDN) CHAPTER 16, TITLE 1, ARTICLE 13-B
§ 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.