Section 1, Section 13-34-109 is amended to read:13-34-109. Required disclosures.(1)As used in this section, "cooling off period" means a three-business day period during which a student may rescind an enrollment agreement and receive a refund of all money paid, except:(a)a reasonable application fee; and(b)a deposit that does not exceed 10% of the total cost of tuition for the first term.(1)(2)Before a postsecondary school may enroll or accept payment from a student, the postsecondary school shall clearly and conspicuously disclose in writing to the student:(a)the postsecondary school's name, address, and location;(b)the requirements or qualifications a student is required to satisfy to enroll in the postsecondary school;(c)a complete description of the services for which the student will pay, including:(i)facilities, faculty, resources, or equipment that the student may use in connection with the services, or to access the services;(ii)the duration of services provided; and(iii)completion or graduation requirements;(d)information regarding how the postsecondary school's services relate to state licensing requirements if the services are intended to prepare a student for licensure;(e)tuition, fees, and any other charge or expense to be paid by the student;(f)a financial assistance policy, if any;(g)the complete terms of any financing agreement, including an income sharing or other agreement, offered to the student;(h)the postsecondary school's cancellation and tuition refund policy thatwhich shall include, at a minimum:(i)a three-business-day cooling off period during which a person may rescind the enrollment agreement and receive a refund of all money paid, less a reasonable application fee, that may not end before midnight on the third business day after the latest of:(A)the day on which the personstudent signs the enrollment agreement;(B)the day on which the personstudent pays the postsecondary school for services, other than an application fee;(C)the day on which the personstudent first attends the postsecondary school; or(D)the day on which the personstudent first gains access to the postsecondary school's services; and(ii)a written description of the postsecondary school's refund policy following the cooling off period described in Subsection (8)(a);(2)(h)(i);(i)(i)whether the postsecondary school is accredited by an accrediting agency; and(ii)whether the program in which a student intends to enroll is accredited by an accrediting agency, if applicable;(j)the existence and amount of the postsecondary school's surety bond, certificate of deposit, or irrevocable letter of credit;(k)information regarding how to file a complaint against the postsecondary school with the division, the postsecondary school's accrediting agency, and the postsecondary school's approval or licensing entity; and(l)student outcomes specified in rules made by the division under Section 13-34-103.(2)(3)A postsecondary school may comply with Subsection (1)(k)(2)(k) by placing a conspicuous link on the postsecondary school's website that connects to:(a)the contact information for each entity described in Subsection (1)(k)(2)(k) with which a person may file a complaint; or(b)a third party's website that states the contact information for each entity described in Subsection (1)(k)(2)(k) with which a person may file a complaint.