N.J. Admin. Code § 9A:10-6.19

Current through Register Vol. 56, No. 21, November 4, 2024

Section 9A:10-6.19 - Authority enforcement requirements for schools participating in the NJCLASS Loan Program

(a) To assess the administrative and financial capability of a school participating in the NJCLASS Loan Program, the Authority may either conduct a management review solely dedicated to the NJCLASS Loan Program or may expand the scope of a State scholarship and Tuition Aid Grant management review to cover the NJCLASS Loan Program.

(b) In the event a school is selected for review, the Authority shall provide the school at least 30 days notice of the date of the on-site or virtual review. The Authority shall also notify the school of the financial and administrative information required for the on-site or virtual visit.

(c) The school shall be required to cooperate with Authority reviewers by making staff available to reviewers at entrance and exit interviews and by supplying additional material to reviewers, if requested, during the on-site or virtual visit.

(d) The program review follow up and other enforcement procedures are, as follows:

1. The reviewer shall issue a program review report to the school being reviewed;

2. The program review ends when all required actions are completed and any required refunds are made to the Authority by the school being reviewed;

3. When the program review ends, the reviewer shall notify the school, in writing, that the program review is closed;

4. The Authority may pursue a limitation, suspension, or termination action regarding participation in NJCLASS as a result of a program review or if the Authority is unable to close a program review because the school is uncooperative in taking the required corrective action;

5. If the institution disagrees with any of the program review report findings or required actions, the institution may submit a written appeal to the Authority's Chief Compliance Officer within 30 days of receipt of the report. The written appeal must explain in detail why the institution is appealing the program review findings or required actions, including any supporting documentation. The Authority's Chief Compliance Officer will provide the institution with a written response within 60 days of receipt of the appeal; and

6. If potential fraud or abuse with respect to NJCLASS participation is identified during a program review, the reviewers shall notify and forward all supporting documentation to the Office of the Attorney General and the appropriate prosecuting authorities for further action.

N.J. Admin. Code § 9A:10-6.19

Amended by 46 N.J.R. 2358(a), effective 12/1/2014

Amended by 56 N.J.R. 374(a), effective 3/4/2024