622 - Prohibition of receipt of gifts by covered institutions. - New York Statutes

§ 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.