Fees

(1) An institution shall pay a fee of twelve thousand dollars ($12,000) to the Commission when filing an Optional Expedited Authorization Application or Certification of Compliance. Any convenience charge for electronic payments shall equal the amount charged by the vendor. REGULATION OF POSTSECONDARY EDUCATIONAL INSTITUTIONS CHAPTER 1540-01-10 WITH OPTIONAL EXPEDITED AUTHORIZATION (OEA) (2) If an institution withdraws an application within three (3) business days from receipt, then all fees assessed less the convenience charge for electronic payments shall be refunded. After three (3) business days from filing of the application, all fees are nonrefundable. (3) Institutions that fail to complete the application process described in Rule .08 of these rules shall forfeit all fees paid.