ยง 621. Prohibition of gifts made by lending institutions to covered
institutions and their employees. 1. A lending institution may not,
directly or indirectly, offer or provide any gift to a covered
institution or a covered institution employee, in exchange for any
advantage or consideration provided to such lending institution related
to its educational loan activities.
2. A lending institution may not engage in revenue sharing with a
covered institution.
Structure New York Laws
Article 13-B - Student Lending Accountability, Transparency and Enforcement Act
621 - Prohibition of Gifts Made by Lending Institutions to Covered Institutions and Their Employees.
622 - Prohibition of Receipt of Gifts by Covered Institutions.
623 - Prohibition of Receipt of Gifts by Covered Institution Employees.
624 - Covered Institution Employee Prohibitions and Reporting Requirements.
625 - Misleading Identification of Lending Institutions' Employees.
626 - Loan Disclosure and Prohibition of Quid Pro Quo High Risk Loans.
627 - Standards for Preferred Lender Lists.
628 - Proper Execution of Master Promissory Notes.