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Form REC3.85 Private Education Provider Performance Bond - North Carolina
What Is Form REC3.85?
This is a legal form that was released by the North Carolina Real Estate Commission - a government authority operating within North Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is a REC3.85 Private Education Provider Performance Bond?
A: The REC3.85 Private Education Provider Performance Bond is a type of bond required by the state of North Carolina for private educational institutions.
Q: Who needs to obtain a REC3.85 Private Education Provider Performance Bond?
A: Private education providers in North Carolina are required to obtain a REC3.85 Private Education Provider Performance Bond.
Q: What is the purpose of the REC3.85 Private Education Provider Performance Bond?
A: The purpose of the bond is to ensure that private educational institutions fulfill their financial obligations and provide quality education to students.
Q: How much does the REC3.85 Private Education Provider Performance Bond cost?
A: The cost of the bond varies depending on the size and financial strength of the private education provider.
Q: How long is the REC3.85 Private Education Provider Performance Bond valid for?
A: The bond is typically valid for one year and must be renewed annually.
Q: What happens if a private education provider fails to obtain a REC3.85 Private Education Provider Performance Bond?
A: Failure to obtain the required bond can result in penalties, fines, or the suspension of the private education provider's license.
Q: Can a private education provider cancel a REC3.85 Private Education Provider Performance Bond?
A: Private education providers cannot cancel the bond themselves. Only the surety bond company or insurance agent can cancel the bond.
Q: Are there any alternatives to the REC3.85 Private Education Provider Performance Bond in North Carolina?
A: No, the REC3.85 Private Education Provider Performance Bond is the required form of security for private education providers in North Carolina.
Q: How can I learn more about the REC3.85 Private Education Provider Performance Bond in North Carolina?
A: For more information, it is advisable to contact the North Carolina Department of Public Instruction or consult an attorney specializing in education law.
Form Details:
- Released on July 1, 2020;
- The latest edition provided by the North Carolina Real Estate Commission;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form REC3.85 by clicking the link below or browse more documents and templates provided by the North Carolina Real Estate Commission.
Download Form REC3.85 Private Education Provider Performance Bond - North Carolina
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