ยง 622. Prohibition of receipt of gifts by covered institutions. 1. A
covered institution may not, directly or indirectly, solicit, accept or
receive any gift from or on behalf of a lending institution, in exchange
for any advantage or consideration provided to such lending institution
related to its educational loan activities.
2. A covered institution may not engage in revenue sharing with a
lending 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.