(a) Unless re-registered, a registration shall expire at 12:00a.m. on the day immediately following the last day of the out-of-state private postsecondary institution's registration as granted pursuant to section 94801.5 of the Code and this Article.

(b) An out-of-state institution seeking to renew its registration pursuant to section 94801.5 of the Code shall complete and submit to the Bureau a new “Application for Registration or Re-Registration of Out-of-State Institution” [Form Application 94801.5 (rev. 8/22)], which is hereby incorporated by reference. An applicant shall submit to the Bureau the completed form, the information and documentation required by Section 94801.5 of the Code, and the registration fee as provided in Section 94930.5 of the Code.

(c) If the Bureau receives a complete re-registration application prior to the expiration of the registration, which consists of the completed form, the information and documentation required by Section 94801.5 of the Code, and the registration fee as provided in Section 94930.5 of the Code, and the out-of-state institution has complied with the Student Tuition Recovery Fund requirements of the Code and this Division, the out-of-state institution shall be deemed re-registered, pending the granting or denial of the application for re-registration by the Bureau pursuant to section 71397 of this Division. Upon the Bureau's granting of the re-registration application, the effective date of the re-registration shall be the date the Bureau received the complete re-registration application.

(d) Failure of an out-of-state institution to make the required payments of the assessments to the Student Tuition Recovery Fund as required by section 76130 shall render the institution ineligible for a re-registration.