New York § 628 Proper execution of master promissory notes

New York Statutes

§ 628 — Proper execution of master promissory notes

New York § 628

Law EDNEducation

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

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

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Bluebook

N.Y. Education § 628 (2026).

Text

  § 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

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§ 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