Proper execution of master promissory notes

N.Y. Education Law § 628, under Student Lending Accountability, Transparency and Enforcement Act.

N.Y. Education Law § 628

§ 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.