N.Y. Banking Law 666-A – Loans to be guaranteed by New York state higher education assistance corporation
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§ 666-a. Loans to be guaranteed by New York state higher education assistance corporation. It shall be unlawful for any banking corporation or private banker authorized to carry on the business of banking under the laws of this state to require that a person making application for a loan to be guaranteed by the New York state higher education assistance corporation be a depositor with the bank prior to the time of such application.
Terms Used In N.Y. Banking Law 666-A
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.