N.Y. Educ. Law § 628

§ 628. Proper execution of master promissory notes. A covered\ninstitution shall not direct in any manner whatsoever potential\nborrowers to any electronic master promissory notes or other loan\nagreements that do not provide a reasonable and convenient alternative\nfor the borrower to complete a master promissory note with any federally\napproved lending institution offering the relevant loan in this state.\n