N.Y. Education Law Section 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.

Source: Section 621 — Prohibition of gifts made by lending institutions to covered institutions and their employees, https://www.­nysenate.­gov/legislation/laws/EDN/621 (updated Sep. 22, 2014; accessed May 4, 2024).

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Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 621’s source at nysenate​.gov

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