N.Y. FIS Law § 702

§ 702. Prohibitions. A student debt consultant is prohibited from\ndoing the following:\n (a) performing student debt consulting services without a legal\nwritten, fully-executed contract with a borrower that comports with the\nprovisions of this article;\n (b) charging for or accepting any payment for student debt consulting\nservices before the full completion of all such services, including a\npayment to be placed in escrow or any other account pending the\ncompletion of such services;\n (c) taking a power of attorney from a borrower;\n (d) retaining any original loan document or other original document\nrelated to a borrower's student loan;\n (e) requesting that a borrower provide his or her FSA ID to the\nconsultant, or accepting a borrower's FSA ID;\n (f) stating or implying that a borrower will not be able to obtain\nrelief on their own;\n (g) misrepresenting, expressly or by implication, that:\n (1) the consultant is a part of, affiliated with, or endorsed or\nsponsored by the government, government loan programs, the United States\ndepartment of education, or borrowers' student loan servicers; or\n (2) some or all of a borrower's payments to the consultant will be\napplied towards the borrower's student loans.\n (h) inducing or attempting to induce a student debtor to enter a\ncontract that does not fully comply with the provisions of this article;\nor\n (i) engaging in any unfair, deceptive, or abusive act or practice.\n