Rochester Institute of Technology

Credit Card Marketing Policy

Whereas, pursuant to Article 129-a of the Education Law, any college chartered by the New York State Board of Regents or incorporated by special act of the New York State Legislature shall establish an official college credit card marketing policy; and

Whereas, such official college credit card marketing policy shall prohibit the advertising, marketing, or merchandising of credit cards on college campuses to students, except as provided in said policy; and

Whereas, Article 129-a requires that the penalties for individuals violating such official credit card marketing policy be clearly set forth therein;

Now, therefore, let it be known that Rochester Institute of Technology's governing board has adopted the following official college credit card marketing policy on February 16, 2006.

1. Prohibition. The advertising, marketing, or merchandising of credit cards to students on the campus of Rochester Institute of Technology is strictly prohibited, except as provided in paragraphs 3 and 4.
2. Penalty. Any individual visitor, licensee, or invitee on said campus found violating this policy shall be banned from the campus for a period of two years and any credit card issuer represented by said visitor, licensee, or invitee shall be banned from the campus for a period of one year. Any student, faculty, or other staff found violating this policy shall receive a warning and be subject to disciplinary action as outlined by appropriate university policies.
3. Restrictions. The following restrictions shall be imposed on any individual wishing to advertise, market, or merchandise credit cards, hereinafter referred to as “marketer”, on the campus of Rochester Institute of Technology:

1. The marketer shall register with Office of the Senior Vice President of Finance and Administration and receive express written authorization to be on campus property for the purpose of advertising, marketing, or merchandising of credit cards.
2. The marketer shall be restricted to the locations specified by the Office of the Senior Vice President of Finance and Administration.
3. The marketer shall be restricted to the hours specified by the Office of the Senior Vice President of Finance and Administration.
4. There shall be no posting of flyers, posters, or other forms of information on any college property for the purpose of advertising, marketing, or merchandising of credit cards, except on the day the marketer is on the campus, provided that it is limited to the immediate vicinity where the marketer has permission to operate.
5. There shall be no inducement or gifts provided to the student in exchange for completing a credit card application.
6. The marketer shall provide to each student applying for a credit card a pamphlet provided to the marketer by Student Financial Services office that provides students with information about good credit management practices, including how to access any information or services provided by the New York State Consumer Protection Board.

4. Exemptions. This policy does not apply to any advertising, marketing, or merchandising of credit cards by either the college or an agent of the college to non-students, nor does it prohibit the advertising, marketing, or merchandising of credit cards to students through direct mail, newspapers, magazines, or within any banking institution located on the campus or of any affinity-based credit card program to which the college is a party.

Dated: _________________                                                                    ___________     ___________

                                                                                                                   James H. Watters

                                                                                       Senior Vice President for Finance & Administration

File this policy with:

New York State Education Department

Office of College and University Evaluation

5 N Mezzanine, Education Buildin

Albany , New York 12230