Legislation
SECTION 621
Prohibition of gifts made by lending institutions to covered institutions and their employees
Education (EDN) CHAPTER 16, TITLE 1, ARTICLE 13-B
§ 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.
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.