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·Law EDN Education·Title 1 General Provisions Article 1 Short Title and Definitions (§§·Art. 13-B Student Lending Accountability, Transparency and Enforcement Act

§ 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

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