N.Y. Education Law Section 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.

Source: Section 622 — Prohibition of receipt of gifts by covered institutions, https://www.­nysenate.­gov/legislation/laws/EDN/622 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 622’s source at nysenate​.gov

Link Style