NAC394.391. Renewal of license.

A licensee who wishes to apply for the renewal of a license must submit to the Administrator an application that includes, without limitation:

     1. A statement which verifies each program of instruction offered by the licensee and which includes, without limitation:

     (a) The title of the program;

     (b) The length of the program in hours of instruction or credit hours;

     (c) The total tuition and fees for the completion of the program; and

     (d) The name of the academic instructor responsible for the program.

     2. A copy of the licensee’s current catalog or brochure.

     3. A description of each program of instruction for which there has been a substantial change since the immediately preceding grant or renewal of the license.

     4. Verification of the financial stability of the applicant. The verification must have been prepared within the 12 months immediately preceding the date on which the license expires and be in the form of:

     (a) A financial statement reviewed or audited by a certified public accountant;

     (b) A financial statement prepared according to generally accepted accounting principles; or

     (c) A balance sheet presented on forms provided by the Commission.

     5. An affidavit or power of attorney to the Commission or its staff to substantiate the specific information contained in the verification of the financial stability of the applicant submitted pursuant to subsection 4.

     (Added to NAC by Comm’n on Postsecondary Educ. by R042-11, eff. 5-30-2012)