N.Y. Education Law Section 629
Disclosures at request of covered institutions

Except for educational loans made, insured, or guaranteed by the federal government, upon the request of any covered institution, a lending institution shall disclose to such covered institution, in reasonable detail and form, the historic default rates of the borrowers from such covered institution, and the rates of interest charged to borrowers from such covered institution in the year preceding the disclosures and the number of borrowers obtaining each rate of interest.

Source: Section 629 — Disclosures at request of covered institutions, https://www.­nysenate.­gov/legislation/laws/EDN/629 (updated Sep. 22, 2014; accessed Mar. 9, 2025).

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Accessed:
Mar. 9, 2025

Last modified:
Sep. 22, 2014

§ 629’s source at nysenate​.gov

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