(a) As used in this section, “two-year institution of higher education” means:
(1) A state-supported two-year institution of higher education; or
(2) A two-year branch campus of a four-year institution of higher education.
(b) A two-year institution of higher education shall:
(1) Develop and adopt policies concerning:
(A) Student accounts receivable;
(B) The collection of delinquent accounts; and
(C) The prevention of students with long-standing delinquent account balances from registering for courses or completing courses; and
(2)
(A) Review its policies and practices to ensure its compliance with census reporting guidelines promulgated by the Division of Higher Education.
(B) A review under this subdivision (b)(2) shall occur at the beginning of each fall semester.
(c) A policy developed under subdivision (b)(1) of this section shall be:
(1) Issued in written form by the two-year institution of higher education;
(2) Published in the two-year institution of higher education's student handbook and on its website; and
(3) Filed with the division no later than thirty (30) days after the adoption of the policy.