622 - Prohibition of Receipt of Gifts by Covered Institutions.

NY Educ L § 622 (2019) (N/A)
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§ 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.