13-34-203. Record keeping.
(1) A postsecondary school shall maintain a student's official transcript and any diploma, degree, or certificate: in an electronic format established by division rule in accordance with Section; and 13-34-103 for not less than 60 years.
(2) A postsecondary school shall maintain an educational credential not described in Subsection: (1) in an electronic format established by division rule in accordance with Section; and 13-34-103 for not less than 10 years.
(3) A postsecondary school shall maintain a student's enrollment agreement, record of the student's payment, and any financing agreement: in an electronic format established by division rule in accordance with Section; and 13-34-103 for not less than 10 years.
(4) The division may require a postsecondary school to provide an educational credential to the division. A postsecondary school shall provide a requested educational credential to the division within 14 days of a request from the division described in Subsection. (4)(a)
(5) Each educational credential that is not maintained in accordance with this section constitutes a separate violation of this chapter.
(6) A postsecondary school may submit to the division a written petition to request that the 60-year period described in Subsectionbe reduced. (1) Upon receipt of a written petition from a postsecondary school, the division may reduce the 60-year period described in Subsectionif: (1) the reduced period will not substantially harm student interests; the reduced period is consistent with any applicable requirement imposed on the postsecondary school by its accreditor or by the United States Department of Education; and the postsecondary school demonstrates good cause for the reduced period.