§ 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
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.