Statute · New York Education Law
N.Y. Educ. Law § 622 — Prohibition of receipt of gifts by covered institutions
N.Y. Educ. Law § 622
- Type
- Statute
- Source
- New York Education Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 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…
Citator
N.Y. Educ. Law § 622 — Prohibition of receipt of gifts by covered institutions is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.