R152-34-1. Purpose

The purpose of this rule is to: (1) establish the form and content of the registration statement; (2) specify information a postsecondary school must provide with a registration statement; (3) establish how a postsecondary school may prove its financial viability in accordance with Subsections 13-34-202(1)(d) and R152-34-3(6); (4) establish when a surety bond, certificate of deposit, or irrevocable letter of credit may be required; (5) establish the form, content, and amount of a surety bond, certificate of deposit, or irrevocable letter of credit required in accordance with Section 13-34-202; (6) provide for the execution and cancellation of a surety bond, certificate of deposit, or irrevocable letter of credit a postsecondary school obtains in accordance with Section 13-34-202; (7) establish the amount of money a school may charge a student in a 12-month period to qualify for an exemption in accordance with Subsection 13-34-111(3); (8) specify acts and practices that are prohibited in accordance with Section 13-34-108; (9) specify the electronic format in which a postsecondary school is required to maintain an educational credential, enrollment agreement, and financing agreement in accordance with Section 13-34-203; (10) specify the student outcomes a postsecondary school must disclose in accordance with Section 13-34-109; (11) establish the type and number of credits required to obtain a degree or diploma from an unaccredited postsecondary school; (12) establish: (a) standards for granting to a postsecondary school a state authorization certificate in accordance with a reciprocity agreement; (b) any filing or document required for a postsecondary school to obtain a state authorization certificate in accordance with a reciprocity agreement; and (c) penalties for a postsecondary school that fails to comply with Section R152-34-11; and (13) aid the division's administration and enforcement of Title 13, Chapter 34, Utah Postsecondary School and State Authorization Act.