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N.Y. Educ. Law § 621

Prohibition of gifts made by lending institutions to covered institutions and their employees

2014-09-22

§ 621. Prohibition of gifts made by lending institutions to covered\ninstitutions and their employees. 1. A lending institution may not,\ndirectly or indirectly, offer or provide any gift to a covered\ninstitution or a covered institution employee, in exchange for any\nadvantage or consideration provided to such lending institution related\nto its educational loan activities.\n 2. A lending institution may not engage in revenue sharing with a\ncovered institution.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.