Delaware Administrative Code
Title 14 - Education
200 - Administration and Operations
282 - Private Business and Trade Schools
Section 282-7.0 - Bonds

Universal Citation: 14 DE Admin Code 282-7.0

Current through Register Vol. 28, No. 3, September 1, 2024

7.1 Applications for an initial Certificate of Approval or renewal of certificates shall include evidence that the required surety bond is valid from the date of the complete application through the new Certificate of Approval expiration date.

7.2 The amount of the surety bond required of a school shall be determined as provided in 14 Del.C. § 8505 (b). In no event shall a bond be for less than $25,000 per calendar year.

7.3 The Department interprets and shall administer the phrase "fail to provide the services called for in a contract or agreement with a student," as used in 14 Del.C. § 8523 to mean failure to substantially provide the essential services.

7.4 Forfeiture

7.4.1 In the event a surety bond is forfeited, the Department shall notify the students identified on the last available school roster of their right to submit a claim for reimbursement. Such students shall have thirty days from the date they are notified by the Department to submit a claim for reimbursement. Claims received more than thirty days after the Department's notification shall not be considered.

7.4.2 Other students wishing to submit a claim for reimbursement must contact the Department within thirty days of the schools closing to submit their claim for reimbursement. Claims received more than thirty days after the schools closing shall not be considered.

7.4.3 Claims for reimbursement shall be submitted and documented as directed by the Department. The Department shall consider only appropriately documented claims in distributing the proceeds of any surety bond.

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