Statute · New York Education Law
N.Y. Educ. Law § 621 — Prohibition of gifts made by lending institutions to covered institutions and their employees
N.Y. Educ. Law § 621
- Type
- Statute
- Source
- New York Education Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Educ. Law § 621 — Prohibition of gifts made by lending institutions to covered institutions and their employees is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.