§ 115D-92 – Authority to establish fees; Commercial Education Fund established; refund of fees.
115D-92. Authority to establish fees; Commercial Education Fund established; refund of fees. The State Board of Proprietary Schools, as provided in G.S. 115D-89.3, shall establish reasonable fees for licenses, renewals, and approvals granted, and for inspections performed pursuant to this Article in accordance with Article 2A of Chapter 150B of the General Statutes. The fees […]
§ 115D-93 – Suspension, revocation or refusal of license; notice and hearing; judicial review; grounds.
115D-93. Suspension, revocation or refusal of license; notice and hearing; judicial review; grounds. (a) A refusal to issue, refusal to renew, suspension of, or revocation of a license under this section shall be made in accordance with Chapter 150B of the General Statutes. (b) A decision under this section to refuse to grant, refuse to […]
§ 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-97 – Contracts with unlicensed schools and evidences of indebtedness made null and void.
115D-97. Contracts with unlicensed schools and evidences of indebtedness made null and void. All contracts entered into by proprietary schools with students or prospective students, and all promissory notes or other evidence of indebtedness taken in lieu of cash payments by such schools shall be null and void unless such schools are duly licensed as […]
§ 115D-91 – Duration and renewal of licenses; notice of change of ownership, administration, etc.; license not transferable.
115D-91. Duration and renewal of licenses; notice of change of ownership, administration, etc.; license not transferable. (a) All licenses issued shall expire on June 30. (b) Unless a duration is otherwise prescribed by the State Board of Community Colleges, licenses shall be renewable annually on July 1 if all of the following conditions are met: […]
§ 115D-87 – Definitions.
115D-87. Definitions. The following definitions apply in this Article: (1) Person. – Any individual, association, partnership or corporation, and includes any director, receiver, referee, trustee, executor, or administrator as well as a natural person. (2) Proprietary school. – An educational institution having a physical presence within North Carolina that meets all of the following conditions: […]
§ 115D-88 – Exemptions.
115D-88. Exemptions. It is the purpose of this Article to include all private schools operated for profit: Provided, that the following schools shall be exempt from the provisions of this Article: (1) Nonprofit schools conducted by (i) charities that are exempt from taxation under section 501(c)(3) of the Internal Revenue Code where no fee or […]
§ 115D-89 – State Board of Community Colleges to administer Article; issuance of diplomas by schools; investigation and inspection; rules.
115D-89. State Board of Community Colleges to administer Article; issuance of diplomas by schools; investigation and inspection; rules. (a) The State Board of Community Colleges, acting by and through the State Board of Proprietary Schools, shall have authority to administer and enforce this Article and to grant and issue licenses to proprietary schools whose sustained […]