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New Jersey Statutes Title 34. Labor and Workmen's Compensation 34 § 15C-10.4

Current as of January 01, 2024 | Updated by Findlaw Staff

a. Sections 14 through 20 of P.L.2021, c. 27 (C.34:15C-10.3 through C.34:15C-10.9) shall apply to a private career school that operates in this State.

b. A private career school shall provide the commissioner a teach-out plan that addresses a potential closure of the school. The teach-out plan shall be updated as required by the commissioner.

c. A teach-out plan shall include any information required by the commissioner and shall state that:

(1) the school shall make all reasonable efforts to ensure that any closure of a school complies with the requirements of P.L.2021, c. 27 (C.18A:3B-90 et al.);

(2) the chief executive officer and the members of the governing body of the school were not in an executive position or a member of a governing body of a school in which a disorderly closure occurred; and

(3) any institutional financial aid agreement offered to a student shall contain language stating that, in the event of a disorderly closure, the institutional debt shall be void and shall not be recovered, collected, or enforced.

d. The commissioner shall seek an injunction or other judicial remedy against a private career school that fails to comply with the requirements of this section, including requiring the school to refund all tuition and fees paid by any student.

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Cite this article: FindLaw.com - New Jersey Statutes Title 34. Labor and Workmen's Compensation 34 § 15C-10.4 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-34-labor-and-workmens-compensation/nj-st-sect-34-15c-10-4/

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