A Surety Bond for a Certification of Registration is required by the State Board of Career Colleges and Schools pursuant to the Ohio Revised Code Chapter 3332. The condition of the surety bond obligation is that the bonded private school and surety company shall indemnify the State of Ohio and any student, enrollee or parents or guardian who loses prepaid tuition or fees as the result of program termination, school closure or other acts or omissions that result in the cancellation or revocation of the private school's Certificate of Registration or Program Authorization.
