US Lawyer Database

§ 115D-95 – Bonds required.

115D-95. Bonds required. (a) Requirement. – An applicant for a license must comply with the bond requirements in this section. The bond covers the potential loss by students of the school of prepaid tuition and other payments made by them to a school licensed under this Article by reason of the school ceasing to operate […]

§ 115D-95.1 – Student Protection Fund.

115D-95.1. Student Protection Fund. (a) Definitions. – As used in this section: (1) "Catastrophic loss amount" means the amount of funds required to protect prepaid student tuition in case of a large-scale event that would draw against the Student Protection Fund. The amount is one million dollars ($1,000,000). (2) "Fund cap amount" means the catastrophic […]

§ 115D-96 – Operating school without license or bond made misdemeanor.

115D-96. Operating school without license or bond made misdemeanor. Any person, or each member of any association of persons or each officer of any corporation who opens and conducts a proprietary school without first having obtained the license herein required, and without first having executed the bond, paid the assessments into the Student Protection Fund, […]

§ 115D-89.2 – Office of Proprietary Schools; staff.

115D-89.2. Office of Proprietary Schools; staff. The Office of Proprietary Schools shall be the principal administrative unit under the direction of the State Board of Proprietary Schools. Unless otherwise specified in G.S. 115D-89.3, the State Board of Proprietary Schools has authority to recommend for adoption and to administer all policies, regulations, and standards which it […]

§ 115D-89.3 – State Board of Proprietary Schools and State Board of Community Colleges; licensing authority and coordination of responsibilities to administer Article.

115D-89.3. State Board of Proprietary Schools and State Board of Community Colleges; licensing authority and coordination of responsibilities to administer Article. The State Board of Community Colleges, having the authority under G.S. 115D-89 to grant and issue licenses to proprietary schools by and through the State Board of Proprietary Schools, shall receive written recommendation from […]