New York § 622 Prohibition of receipt of gifts by covered institutions

New York Statutes

§ 622 — Prohibition of receipt of gifts by covered institutions

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

§ 622. Prohibition of receipt of gifts by covered institutions.

1.A\ncovered institution may not, directly or indirectly, solicit, accept or\nreceive any gift from or on behalf of a lending institution, in exchange\nfor any advantage or consideration provided to such lending institution\nrelated to its educational loan activities.\n 2. A covered institution may not engage in revenue sharing with a\nlending institution.\n

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§ 622. Prohibition of receipt of gifts by covered institutions. 1. A\ncovered institution may not, directly or indirectly, solicit, accept or\nreceive any gift from or on behalf of a lending institution, in exchange\nfor any advantage or consideration provided to such lending institution\nrelated to its educational loan activities.\n 2. A covered institution may not engage in revenue sharing with a\nlending institution.\n

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