Statute · New York Education Law

N.Y. Educ. Law § 628 — Proper execution of master promissory notes

N.Y. Educ. Law § 628

Type
Statute
Source
New York Education Law
Jurisdiction
New York
Current through
Nov 5, 2026 (NY Senate Open Legislation)

§ 628. Proper execution of master promissory notes. A covered institution shall not direct in any manner whatsoever potential borrowers to any electronic master promissory notes or other loan agreements that do not provide a reasonable and convenient alternative for the borrower to complete a…

Citator

N.Y. Educ. Law § 628 — Proper execution of master promissory notes is in force in the current edition of the Code, and nothing recorded condemns it.

§ 628. Proper execution of master promissory notes. A covered institution shall not direct in any manner whatsoever potential borrowers to any electronic master promissory notes or other loan agreements that do not provide a reasonable and convenient alternative for the borrower to complete a master promissory note with any federally approved lending institution offering the relevant loan in this state.