Section 394.652 - Account for Student Indemnification: Duties of Administrator upon closure of institution; arrangement for students to attend alternate institution; refunds1. Upon notification of the closure of a licensed institution in which students are currently enrolled, the Administrator shall take reasonable steps to:(a) Notify each student that he or she may be entitled to a refund from the Account;(b) Obtain records relating to enrollment, academic progress, and payments of money for tuition and other fees for each student; and(c) Arrange for the students to receive education at another licensed institution.2. If the Administrator arranges for students to receive education at an alternate licensed institution pursuant to paragraph (c) of subsection 1:(a) Money from the Account may not be used by the Administrator to pay for the alternate education.(b) A student may, but is not required to, attend the alternate licensed institution.3. A student is not eligible for a refund from the Account if:(a) A reasonable arrangement has been made for the student to attend an alternate licensed institution;(b) The student has completed at least a majority of the academic requirements of the program agreed upon in the enrollment agreement; or(c) The student does not notify the Administrator within 1 year after the official date of closure of the licensed institution that he or she wishes to be considered for a refund.4. The Commission will review applications for refunds at regularly scheduled meetings of the Commission.5. Refunds must be made to the person or entity who paid the tuition and other fees to the licensed institution, as documented by receipts or other documents available to the Administrator.6. As used in this section, "Account" means the Account for Student Indemnification created by NRS 394.553.Nev. Admin. Code § 394.652
Added to NAC by Comm'n on Postsecondary Educ., eff. 1-23-96