Sec. 13b.01.01.06. School Reports

A. Annual School Report. An approved school is required to submit an annual report each year on forms and on a schedule provided by the Secretary. This report covers the fiscal and managerial aspects of the school's operation and other information as required by the Secretary.

B. Reporting to Other State Agencies. The Secretary may waive part or all of the requirements in §A of this regulation, if it is determined that the same information is being collected by another State agency and is available to the Maryland Higher Education Commission from that State agency upon request.

C. Government and Accreditation Reports.

(1) An approved school shall file with the Secretary, within 5 days of receipt by the school, any reports or notices from government agencies, accreditation agencies, or other entities or organizations which notify the school of any actual or potential adverse actions to be taken against the school, including but not limited to:

(a) Citations of deficiencies;

(b) Requests for, or notices of, hearings;

(c) Suspension or revocation of approval or accreditation;

(d) Changes in financial aid eligibility;

(e) Show cause orders;

(f) Notification of penalties, fines, liens, judgments, or levies to collect judgments or liens; or

(g) Other disciplinary or punitive actions.

(2) Accreditation reports received by the school shall be available to the Secretary upon request.