New York § 621 Prohibition of gifts made by lending institutions to covered institutions and their employees

New York Statutes

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

New York § 621

Law EDNEducation

Title 1General Provisions Article 1 Short Title and Definitions (§§

Art. 13-BStudent Lending Accountability, Transparency and Enforcement Act

This text of New York § 621 (Prohibition of gifts made by lending institutions to covered institutions and their employees) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Education § 621 (2026).

Text

§ 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

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§ 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