Md. Code Regs. 13B.02.06.05

Current through Register Vol. 51, No. 22, November 1, 2024

Section 13B.02.06.05 - Financial Guarantee and Potential Guaranty Fund Assessment

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.

Md. Code Regs. 13B.02.06.05

Regulation .05 adopted effective 45:1 Md. R. 14, eff. 1/15/2018; amended effective 45:23 Md. R. 1071, eff. 11/19/2018