621 - Prohibition of gifts made by lending institutions to covered institutions and their employees. - New York Statutes

§ 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.