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    Standards for preferred lender lists
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  • ARTICLE 13-B
    Student Lending Accountability, Transparency and Enforcement Act
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    Disclosures at request of covered institutions
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    SECTION 628

    Proper execution of master promissory notes

    Education (EDN) CHAPTER 16, TITLE 1, ARTICLE 13-B

    § 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.