Rules and regulations
Source:
Section 631 — Rules and regulations, https://www.nysenate.gov/legislation/laws/EDN/631 (updated Sep. 22, 2014; accessed Jan. 3, 2026).
620
Definitions 621
Prohibition of gifts made by lending institutions to covered institutions and their employees 622
Prohibition of receipt of gifts by covered institutions 623
Prohibition of receipt of gifts by covered institution employees 624
Covered institution employee prohibitions and reporting requirements 625
Misleading identification of lending institutions’ employees 626
Loan disclosure and prohibition of quid pro quo high risk loans 627
Standards for preferred lender lists 628
Proper execution of master promissory notes 629
Disclosures at request of covered institutions 630
Penalties 631
Rules and regulations 632
Non-exclusivity of rights or remedies
Definitions 621
Prohibition of gifts made by lending institutions to covered institutions and their employees 622
Prohibition of receipt of gifts by covered institutions 623
Prohibition of receipt of gifts by covered institution employees 624
Covered institution employee prohibitions and reporting requirements 625
Misleading identification of lending institutions’ employees 626
Loan disclosure and prohibition of quid pro quo high risk loans 627
Standards for preferred lender lists 628
Proper execution of master promissory notes 629
Disclosures at request of covered institutions 630
Penalties 631
Rules and regulations 632
Non-exclusivity of rights or remedies
