261G.1 Purpose. The purpose of this chapter is to authorize the college student aid commission to enter into or recognize agreements that will create interstate reciprocity in the regulation of postsecondary distance education for the purpose of encouraging cost savings for students and greater efficiencies and effectiveness for institutions of higher education providing distance education. […]
261G.2 Definitions. 1. “Commission” means the college student aid commission created pursuant to section 261.1. 2. “Interstate reciprocity agreement” means an interstate reciprocity agreement entered into and administered, or recognized, by the commission in accordance with section 261.2, subsection 12. 3. “Participating institution” means an institution that meets the definition of subsection 4 or 5. […]
261G.3 Execution of duties. The commission shall only enter into or recognize an interstate reciprocity agreement if the agreement contains sufficient consumer protection provisions and is otherwise in the best interests of students enrolled in institutions of higher education in this state. 2014 Acts, ch 1063, §7
261G.4 Effect of agreement. 1. Notwithstanding any other provision of law to the contrary, a participating nonresident institution shall not be required to register under chapter 261B or to comply with the registration and disclosure requirements of chapter 261 or 261B or section 714.17, subsections 2 and 3, or sections 714.18, 714.20, 714.21, and 714.23, […]
261G.5 Postsecondary registration fees. 1. The commission shall set by rule and collect a nonrefundable initial registration fee and a renewal of registration fee from each participating institution that voluntarily registers with the commission pursuant to section 261B.11B in order to comply with this chapter or for purposes of institutional eligibility under 34 C.F.R. §600.9(a) […]
261G.6 Enforcement. This chapter shall not be construed to affect the authority of the attorney general pursuant to section 714.16. 2014 Acts, ch 1063, §10
