1. (1) School applicants must obtain a bond or other security for each course in the amount of $5000. The bond or other security may only be used to refund prepaid tuition to enrolled students if the school ceases to operate or is unable to complete the course of instruction.
2. (2) Schools must submit proof of continuous annual renewal of the bond or other security.

Authorizing statute(s): 37-31-203, 37-31-311, MCA

Implementing statute(s): 37-31-311, MCA

History: NEW, 2004 MAR p. 2813, Eff. 11/19/04; AMD, 2008 MAR p. 382, Eff. 2/29/08; AMD, 2012 MAR p. 616, Eff. 3/23/12; AMD, 2014 MAR p. 1085, Eff. 5/23/14; AMD, 2015 MAR p. 1198, Eff. 8/14/15; AMD, 2015 MAR p. 2034, Eff. 11/13/15; AMD, 2017 MAR p. 221, Eff. 2/18/17; AMD, 2018 MAR p. 1605, Eff. 8/11/18; AMD, 2024 MAR p. 2007, Eff. 8/10/24.