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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 627
Standards for preferred lender lists
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ARTICLE 13-B
Student Lending Accountability, Transparency and Enforcement Act
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SECTION 629
Disclosures at request of covered institutions
This entry was published on 2014-09-22
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SECTION 628
Proper execution of master promissory notes
Education (EDN) CHAPTER 16, TITLE 1, ARTICLE 13-B
§ 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.