Code of Maryland Regulations
Title 13B - MARYLAND HIGHER EDUCATION COMMISSION
Subtitle 02 - ACADEMIC REGULATIONS
Chapter 13B.02.06 - Additional Requirements for For-Profit Institutions of Higher Education
Section 13B.02.06.05 - Financial Guarantee and Potential Guaranty Fund Assessment
Universal Citation: MD Code Reg 13B.02.06.05
Current through Register Vol. 51, No. 6, March 22, 2024
A. Each school shall:
(1) As prescribed by Regulation .06 of this chapter, provide a financial guarantee to the Commission; and
(2) As prescribed by Regulation .07 of this chapter, pay an assessment, if one is levied by the Secretary, into the Fund.
B. The Secretary may not issue a certificate of approval to, and may revoke any certificate of approval previously issued to, a school that fails to comply with the requirements of §A of this regulation.
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