§ 14A-3-703. Prohibition on gifts – Revenue sharing.  


Latest version.
  • A private educational lender may not, directly or indirectly:

    (a)offer or provide any gift to a covered educational institution in exchange for any advantage or consideration provided to such private educational lender related to its private educational loan activities; or

    (b)engage in revenue sharing with a covered educational institution.

Added by Laws 2013, c. 99, § 9, eff. July 1, 2013.