1.22.1 Prohibition of Certain Remuneration to University Employees

1. No employee or agent of the University shall accept anything on her/his own behalf or on behalf of another from or on behalf of a lending institution, except that this provision shall not be construed to prohibit any employee or agent of the University from conducting 1) non­ University business with any lending institution, or 2) University business unrelated to education loans. As used in the preceding sentence and throughout the Student Loan Practices Code of Conduct, a lending institution is defined as:

• Any entity that itself or through an affiliate engages in the business of making loans to students, parents or others for purposes of financing higher education expenses or that securitizes such loans; or
• Any entity, or association of entities, that guarantees education loans; or
• Any industry, trade or professional association that, to the best of the University's knowledge after reasonable inquiry, receives money from any entity described above in subsections (a)and (b).

Nothing in this provision or throughout the Student Loan Practices Code of Conduct shall prevent the University from holding membership in any nonprofit professional association.

2. The prohibition set forth in the previous subsection shall include, but not be limited to, a ban on any payment or reimbursement by a lending institution to a University employee for lodging, meals, or travel to conferences or training seminars unless such payment or reimbursement is related solely to non- University business or University business unrelated to education loans.